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The following is a payoff table giving profits for various situations. State of Nature Alternatives A B C Alternatives 1 120 140 120 Alternatives 2

The following is a payoff table giving profits for various situations. State of Nature Alternatives A B C Alternatives 1 120 140 120 Alternatives 2 200 100 50 Alternatives 3 100 120 180 Do Nothing 0 0 0 A. What decision would a pessimist make using maximin? B. what decision would Laplace make assuming each state of nature is equally likely

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