Question
As a business analytics graduate student University, you plan to invest in the stock market. You have an option to invest in three different stocks:
As a business analytics graduate student University, you plan to invest in the stock market. You have an option to invest in three different stocks: NASDAQ, NYSE, and Dow Jones. There are two situations for each case: good (optimist) and bad (pessimist) situations as follows you can make a profit or lose your money. Stock Market Good Bad NASDAQ $ 4000 $ 2500 NYSE $ 6000 - $ 2000 Dow Jones $ 3000 $ 1000 Based on the Minimax regret decision criteria, whatd be the best stock market for investment? What would be your decision if you used equal likelihood decision (LaPlace) criteria?
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