Game theory The following table shows the NPVs for 3 projects for 3 different states of an uncertain environment [I, II, and III]. State I represents the best environment and State III represents the worst environment. III 1,360 Pay off matrix I II Project Red 5,270 2,600 Blue 3,950 4,100 Green 3,800 2,420 2,460 2,200 I I II III Regret matrix Project Red Blue i ii iv vi Green vii viii ix Which project would be chosen using the minimax regret decision rule? Hint: it will be useful to write out the regret matrix in full in your working papers