An investor is considering three alternatives-a certificate of deposit, a low-risk stock fund, and a high-risk stock fund for a $20,000 investment. She considers three possible states of nature: 3: Strong stock market 3: Moderate stock market 5: Weak stock market

(a) Are any of these actions inadmissible?

(b) Which action is selected by the maximin criterion?

(e) Which action is selected by the minimax regret criterion?