The Pine Valley Board of Education is trying to determine its multiattribute utility function with respect to the following attributes:
Attribute 1 Average score of students on an English achievement test
Attribute 2 Average score of students on a mathematics achievement test
The board believes that both attributes range between 70% and 90% correct answers. The board is indifferent between
For any level x2Â of attribute 2, the board is also indifferent between
For any level x1Â of attribute 1, the board is indifferent between
The board is also indifferent between
Finally, the board is indifferent between
The board must decide which of two instructional techniques should be utilized in the Pine Valley schools. Technique 1 is equivalent to the following lottery:
Technique 2 is equivalent to the following lottery:
Would the board prefer technique 1 or technique 2?