s1 s2 s3
d1 10 8 6
d2 14 15 2
d3 7 8 9
a. What decision should be made by the optimistic decision maker?
b. What decision should be made by the conservative decision maker?
c. What decision should be made under minimax regret?
d. If the probabilities of s1, s2, and s3 are .2, .4, and .4, respectively, then what decision should be made under expected value?
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This question was asked on May 04, 2010 and answered on May 04, 2010.
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