Angela Fulton and her family are considering three holiday destinations. They know they cannot control the weather

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Angela Fulton and her family are considering three holiday destinations. They know they cannot control the weather but they have discussed the utility they would get for each destination according to the type of weather: poor, medium, and good. The table below illustrates the alternatives and the type of weather.

Utility Poor Medium Good Spain 0.3 0.5 0.9 Greenland 0.1 0.6 0.4 India 0.2 0.2 0.7 Determine the best destination using the following criteria:

a. Maximax

b. Maximin

c. What does it indicate when different criteria result in the same decision?

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