This payoff matrix gives potential dollar gain values in millions for strategies S1, S2, S3, and S4 for the Bent Fork National Bank and competitive strategies CA1, CA2, and CA3 for the Straight Spoon Bank. If Bent Fork is optimistic, which strategy will it choose?
A) S1
B) S2
C) S3
D) S4

Question

This payoff matrix gives potential dollar gain values in millions for strategies S1, S2, S3, and S4 for the Bent Fork National Bank and competitive strategies CA1, CA2, and CA3 for the Straight Spoon Bank. If Bent Fork is optimistic, which strategy will it choose? 
A) S1 
B) S2 
C) S3 
D) S4

Quizplus · Accepted Answer

A) The S1 strategy gives the greatest possible gain, 24, a chance for Bent Fork to maximize its success. For an optimist, this is the best choice because it allows Bent Fork to capitalize on its feeling that it will be successful.

This Payoff Matrix Gives Potential Dollar Gain Values in Millions