0.5 0.3 0.2 Investment Market 1500 100 -1000 1000 200 -100 500 500 500 Figure 13.4: Decision tree for the stock market investor.\nReference:\nRobert T. Clemen, Making Hard Decisions: An Introduction to Decision Analysis, Second Edition. Duxbury Press, 1996. Market Activity 178 31 257 86 Investment Decision 54 125 142 167 Payoff 179 126 253 168 Figure 13.4: Decision tree for the stock market investor.\nRobert T. Clemen, Making Hard Decisions: An Introduction to Decision Analysis, Second Edition. Duxbury Press, 1996. 53 201 471 277