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An investor is considering 4 investments, A, B, C and leaving his money in the bank. The payoff from each investment is a function of

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An investor is considering 4 investments, A, B, C and leaving his money in the bank. The payoff from each investment is a function of the economic climate over the next 2 years. The economy can expand or decline. The following payoff matrix has been developed for the decision problem. A B D Payoff Matrix Economy Investment Decline Expand 5 0 85 6 B 25 65 40 30 Bank 10 10 Payoffs What decision should be made according to the minimax regret decision rule

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