The following is a payoff table giving profits for various situations: Alternatives A B C ...
The following is a payoff table giving profits for various situations:
| Alternatives | A | B | C | |
| Alternative 1 | 140 | 148 | 150 | |
| Alternative 2 | 221 | 123 | 125 | |
| Alternative 3 | 123 | 140 | 212 |
Question:
What decision would a pessimist make?
Homework Answers
Answer :
given data :-
we have a tabular form,
now we need to find out the pessimist make
that is,
Alternative 1,
since,
it has the least negative outcome = 140
pessimist make = 140
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The following is a payoff table giving profits for various
situations:
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