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Suppose we are interested in investing in one of three investment opportunities: d1, 02, or d3. The following profit payoff table shows the profits (in
Suppose we are interested in investing in one of three investment opportunities: d1, 02, 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. Determine the best decision based on the maximin decision criterion. Decision d1 d2 d3 State of Nature s1 s2 18 28 19 17 23 40 s3 30 -5 19 Od1 Od2 or d3 d2 d2 or 1 d3
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