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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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