I.        Decision Problem without Risk or Uncertainty (with single player 1)

          Choices for 1           =>      Outcomes      => Preferences/Payoffs/Utility

                     s¹                                      x                       u¹(x) = 4

                     s²                                      y                       u²(y) = 5

                     s³                                      z                       u³(z) = 3

                     s⁴                                      v                       u⁴(v) = 4

                     s⁵                                     w                      u⁵(w) = 3

II.       Decision Problem with Risk or Uncertainty (a literal Game against Nature)

          Payoff Matrix                                           Nature’s Contingencies

Cf.      Insurance Problem / Ike before D-Day

III.      Decision Problems with Risk or Uncertainty