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An Investor Is Consider Four Different Opportunities, A, B, C

Question 55

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An investor is consider four different opportunities, A, B, C, or D. The payoff for each opportunity will depend on the economic conditions, represented in the payoff table below.
                                     Economic Condition  Investment  Poor  (S1)  Average (S2) Good (S3) Excellent (S4) A 50752030 B 80154050 C 1003005010 D 25252525 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~{ \text { Economic Condition } } \\\begin{array} { c} \text { Investment } & \begin{array} { c } \text { Poor } \\\text { (S1) }\end{array} & \begin{array} { c } \text { Average } \\\left( \mathbf { S } _ { \mathbf { 2 } } \right)\end{array} & \begin{array} { c } \text { Good } \\\left( \mathbf { S } _ { \mathbf { 3 } } \right)\end{array} & \begin{array} { c } \text { Excellent } \\\left( \mathbf { S } _ { \mathbf { 4 } } \right)\end{array} \\\text { A } & 50 & 75 & 20 & 30 \\\text { B } & 80 & 15 & 40 & 50 \\\text { C } & - 100 & 300 & - 50 & 10 \\\text { D } & 25 & 25 & 25 & 25\end{array}
-What decision would be made under maximin?

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Compare 20, 15, -100...

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