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DECISION CRITERIA STOCKS Maxi Min Equally Likely Expected Value ABC $ 75,000 $ 45,000 $ $ 67,500 DEF $ 90,000 $ (30,000) $30,000 $ 60,000
DECISION CRITERIA | ||||
STOCKS | Maxi | Min | Equally Likely | Expected Value |
ABC | $ 75,000 | $ 45,000 | $ | $ 67,500 |
DEF | $ 90,000 | $ (30,000) | $30,000 | $ 60,000 |
XYZ | $35,000 | $15,000 | $ 25,000 | $ |
Minimax Regret | ||||
STOCKS | GOOD | BAD | Max | |
ABC | $ 15,000 | $ - | $ | |
DEF | $ - | $ 75,000 | $ 75,000 | |
XYZ | $ 55,000 | $ 30,000 | $ | |
DECISION CRITERIA RESULTS | ||||
Recommended Decision | ||||
Maximax | $ 90,000 | |||
Miximin | $ 45,000 | |||
Equally Likely (LaPlace) | $ 60,000 | |||
Expected Value (Hurwicz) | $ | |||
Minimax Regret | $ 15,000 | |||
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