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Bastin has decided to apply the maximax criterion to find the best decision d i in the following payoff table (payoffs are profits). What value
Bastin has decided to apply the maximax criterion to find the best decision d i in the following payoff table (payoffs are profits). What value of X will make Bastin indifferent between choosing alternatives d 1 and d 2 ? s 1 s 2 s 3 s 4 s 5 d 1 7 65 18 8 -5 d 2 16 X -4 -1 46 d 3 -18 36 -34 61 43
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