Question: 1 8 . 3 Consider Exercise 1 8 . 1 , where an investor is con - sidering three alternatives - a certificate of deposit,

18.3 Consider Exercise 18.1, where an investor is con-
sidering three alternatives-a certificate of
deposit, a low-risk stock fund, and a high-risk
stock fund-for a $20,000 investment. She consid-
ers three possible states of nature:
s1 : Strong stock market
s2 : Moderate stock market
s3 : Weak stock market
The payoff table (in dollars) is as follows
Are of these actions inadmissible ?2) maximin? maximax? max uncertainty? minmax regret ? EMV? EVPI?
 18.3 Consider Exercise 18.1, where an investor is con- sidering three

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