The following is a payoff table. What decision should be made based on the minimax regret criterion?
A)Alternative 1
B)Alternative 2
C)Alternative 3
D)State of Nature C
E)Does not matter

Question

The following is a payoff table.  What decision should be made based on the minimax regret criterion?
A)Alternative 1 
B)Alternative 2 
C)Alternative 3 
D)State of Nature C 
E)Does not matter

Quizplus · Accepted Answer

The Answer of The following is a payoff table.  What decision should be made based on the minimax regret criterion?
A)Alternative 1 
B)Alternative 2 
C)Alternative 3 
D)State of Nature C 
E)Does not matter

The Following Is a Payoff Table