Question: Basing their decisions on optimism (that is, maximizing maximum gains or minimizing minimum losses), what decisions should be reached by (a) The manufacturer of Example
(a) The manufacturer of Example 9.1;
(b) Ms. Cooper of Exercise 9.12;
(c) The truck driver of Exercise 9.13?
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a If he expands now maximum gain is 164000 if he waits maximum gain is 80000 Max... View full answer
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