Your payoff for choosing CONTINUE with probability p becomes α[p2+4(1-p)p] + (1-α)[p+4(1-p)]
I think that’s twice as much as it should be, since neither your decision at X, nor at Y, contribute entirely to your utility result.
I think that’s twice as much as it should be, since neither your decision at X, nor at Y, contribute entirely to your utility result.