Question
An investor is considering four different opportunities, A, B, C, or D.The payoff for each opportunity will depend on the economic conditions, represented in the
An investor is considering four different opportunities, A, B, C, or D.The payoff for each opportunity will depend on the economic conditions, represented in the payoff table below in profit. What decision would be made under minimax regret?
An investor is considering four different opportunities, A, B, C, or D.The payoff for each opportunity will depend on the economic conditions, represented in the payoff table below in profit. What decision would be made under minimax regret?
Economic Condition
Poor Average Good Excellent
Investment (S1) (S2) (S3) (S4)
A 50 75 20 30
B 80 15 40 50
C -100 300 -50 10
D 25 25 25 25
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