uygnil says July 20, 2017 at 6:26 am Can I know why the difference between the expected value with research and the expected value without research is the maximum amount John is prepared to pay? Log in to Reply
John Moffat says July 20, 2017 at 7:22 am Because if you paid more than the extra benefit then you would end up with less profit overall. Log in to Reply
Qamar says March 2, 2017 at 2:38 pm hello sir canutell me from where did we got the expexted value of $4500 Log in to Reply
John Moffat says March 2, 2017 at 4:41 pm But I show this in the previous lecture on risk and uncertainty! You should be watching the lectures in order 馃檪 Log in to Reply
Hi John
Well explained thanks!
Thank you for your comment 馃檪
Can I know why the difference between the expected value with research and the expected value without research is the maximum amount John is prepared to pay?
Because if you paid more than the extra benefit then you would end up with less profit overall.
hello sir canutell me from where did we got the expexted value of $4500
But I show this in the previous lecture on risk and uncertainty! You should be watching the lectures in order 馃檪