For what value of p, is the decisionmaker indifferent between marketing and abandoning?

Question

BlackTom AI · Accepted Answer

The question presented is: 'For what value of p, is the decisionmaker indifferent between marketing and abandoning?' However, there are no answer options provided to analyze, and no payoff structure or model details are given in the prompt.

Because indifference depends on the specific payoffs or utilities associated with the two choices (marketing vs. abandoning) and how p enters those payoffs, we cannot verify or derive the value of p from the information shown.

In a typical setup, you would proceed as follows:
- Step 1: Identify the two actions: Marketing (M) and Abandoning (A).
- Step 2: Write the expected payoff for each action as a function of p (or whatever probability/parameter p represents). For example, if p is the probability of a successful marketing outcome, the expected payoff for M would combine the payoff in success and failure scenarios weighted by p and (1−p). The payoff for A would be a constant (if abandoning yields a certain payoff) or another function of p.
- Step 3: Set the indifferent condition: Expected payoff(M) = Expected payoff(A).
- Step 4: Solve the resulting equation for p to obtain the indifference value.

The value 0.2444 presumably comes from solving such an equation given the exact payoffs in the original problem. Without those payoffs, we can’t reproduce or verify the calculation here.

If you can share the payoff matrix or the functional form used in this problem (i.e., how p enters the payoffs for marketing and for abandoning), I can walk through the derivation step by step and show how to obtain p = 0.2444, and also illustrate how different payoffs would yield different indifference values.

In summary, the key idea is: indifference occurs where the two action payoffs are equal as a function of p, and solving that equation yields the p-value (0.2444 in the provided answer set) for this particular problem. If additional context or options are supplied, I can provide a detailed, option-by-option analysis leading to that result.

COMM_V 190 101-104 2025W1 Final Exam - Practice Questions - Second Half

For what value of p, is the decisionmaker indifferent between marketing and abandoning?

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