anon_ch posted a question
"A payoff table is given as 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?
Tutor answered the question
Dear Student, below is the solution: ================================================== Assume payoff table is showing profits:...