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

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

States of Nature

1

2

3

Alternative A

50

55

30

Alternative B

10

50

80

Alternative C

40

-80

70

Alternative D

-100

-200

40
A.

C; 70
B.

D; 10
C.

A; 50
D.

B; 30

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