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Suppose a decision maker is considering three decision alternatives: A1, A2, and A3. Three potential states of nature have been identified: S1, S2, and S3.

Suppose a decision maker is considering three decision alternatives: A1, A2, and A3. Three potential states of nature have been identified: S1, S2, and S3. The payoff for each combination of alternative and state of nature has been estimated and appears in the following payoff table:

S1 S2 S3
A1 113 96 -65
A2 117 62 -52
A3 32 45 40

Calculate the regret (or opportunity loss) value for the combination of A2 and S2.

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