Question: I need to solve (a) indicated by the red circle 3- Consider the following payoff matrix. State of Nature Action Si S; S; 20 12

I need to solve (a) indicated by the red circle

3- Consider the following payoff matrix. State of Nature Action Si S; S; 20 12 Ai 6 10 16 A2 8 10 4 18 Az Apply the above non probabilistic choice criteria to select ar optimal action. (1)Dominance, (2) Maximin , (3) Maximax, (4) Hurwicz Ta =1/3), and (5) Minimax regret

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