Question 12 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. Pay off matrix I III Project Red 4,070 1,920 1,790 Blue 3,710 3,100 1,780 Green 2,830 2,520 3,430 II Regret matrix I II III Project Red am Blue Mi Green Virvilix Which project would a maximin decision maker choose? Question 12 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. Pay off matrix I III Project Red 4,070 1,920 1,790 Blue 3,710 3,100 1,780 Green 2,830 2,520 3,430 II Regret matrix I II III Project Red am Blue Mi Green Virvilix Which project would a maximin decision maker choose