This essay focuses on the two betting strategies. different utility functions, as more risk-seeking than the other one? If so, which is which? If not, why not

the two betting strategies

By examining the two different cases (p ≤ 1 2 ),(p > 1 2 ), briefly explain why B∗ 2 , the optimal B under U2, is as follows: B ∗ 2 =    0 (don’t bet) for p ≤ 1  2  2 p − 1 2 A (bet an amount between 0 and A in proportion to how much bigger p is than 1 2 )   p > 1 2    , (2) Identify a feature of this betting strategy that seem eminently reasonable; explain briefly. 10 points (f) Is it fair to describe one of the two betting strategies above, based on the two different utility functions, as more risk-seeking than the other one? If so, which is which? If not, why not? Explain briefly. 5 points

Strategy is an action that managers take to attain one or more of the organization’s goals. It is  Strategy can also be defined as “A general direction. It is  set for the company and its various components to achieve a desired state. This  in the future. Strategy results from the detailed strategic planning process”.

A strategy is all about integrating organizational activities and utilizing and allocating the scarce resources within the organizational environment so as to meet the present objectives. While planning a strategy it is essential to consider that decisions are not taken in a vaccum and that any act taken by a firm is likely to be met by a reaction from those affected, competitors, customers, employees