Question: A payoff table is given as S1 S2 S3 D1 250 750 500 D2 300 -250 1200 D3 500 500 600 Requested: a. What choice

A payoff table is given as

S1 S2 S3
D1 250 750 500
D2 300 -250 1200
D3 500 500 600
Requested:
a. What choice should be made by the optimistic decision maker?
b. What choice should be made by the conservative decision maker?
c. What decision should be made under minimal regret?
d. If the probabilities of d1, d2, and d3 are .2, .5, and .3, respectively, then what choice should be made under expected value?

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