Question: Consider the following payoff table. Options State State 1 State 2 State 3 Option 1 $3,500,000 $6,500,000 $300,000 Option 2 $5,500,000 $3,500,000 $200,000 Option 3

Consider the following payoff table. Options State State 1 State 2 State 3 Option 1 $3,500,000 $6,500,000 $300,000 Option 2 $5,500,000 $3,500,000 $200,000 Option 3 $3,500,000 $1,300,000 $100,000 For the Maximin strategy, which option would you choose

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