Miles Long inherited some money from his favorite aunt and would like to make an investment in the stock market. He is aware of the volatility of the market and trying to decide on the option depending on the profitability. The profit$/$loss table is given below for different market conditions.

$$

States of Nature

$$

Investments

Market

Increases

Market

Stays the Same

Market

Decreases

Option $1$

$128,000$

$80,000$

$-10,000$

Option $2$

$110,000$

$120,000$

$-20,000$

Option $3$

$100,000$

$-25,000$

$50,000$

If nothing is known about the demand probabilities, what is the best decision alternative using the Minimax Regret Approach?

Group of answer choices

Option $1$

Option $2$

Option $3$

None of these