Question: A decision maker using the maximin criterion on the problem below would choose Alternative ________ because the maximum of the row minimums is ________. States

A decision maker using the maximin criterion on the problem below would choose Alternative ________ because the maximum of the row minimums is ________.

States of nature3

States of nature2

States of nature1

60

55

50

Alternative A

80

50

30

Alternative B

70

80

70

Alternative C

140

-10

-100

Alternative D

a.

D; 140

b.

A; 55

c.

B; 30

d.

C; 70

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