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Suppose we are interested in investing in one of three investment opportunities: d1,d2, or d3. The following profit payoff table shows the profits (in thousands

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Suppose we are interested in investing in one of three investment opportunities: d1,d2, or d3. The following profit payoff table shows the profits (in thousands of dollars) under each of the 3 possible economic conditions: s1,s2, and s3. Assume the states of nature have the following probabilities: P(s1)=0.2,P(s2)=0.3,P(s3)=0.5. Which decision alternative is best? d1 d2 d3 They are equal

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