Problem regarding the economics-game theory

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Economics: Game Theory.

Suppose a student's beliefs as to what the other 9 students will do as follows: with a probability of 0.2, three of them will apply to JPM and six of them to LM; with a probability of 0.5, four of them will apply to JPM and five of them to LM; and with a probability of 0.3, five of them will apply to JPM and four of them to LM. Assume the student chooses so as to maximize his expected utility, where will he apply?

Reference no: EM132414121

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