Question: 1 8 . 3 Consider Exercise 1 8 . 1 , where an investor is con - sidering three alternatives - a certificate of deposit,
Consider Exercise where an investor is con
sidering three alternativesa certificate of
deposit, a lowrisk stock fund, and a highrisk
stock fundfor a $ investment. She consid
ers three possible states of nature:
: Strong stock market
: Moderate stock market
: Weak stock market
The payoff table in dollars is as follows
Are of these actions inadmissible maximin? maximax? max uncertainty? minmax regret EMV? EVPI?
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