Question: Payoff Table State of Nature table [ [ Decision Alternative,Good,Bad ] , [ Buy 1 0 units, 5 . 0 , - 3 .
Payoff Table
State of Nature
tableDecision Alternative,Good,BadBuy units,Do nothing,Buy units,Sell units,
What is the Payoff of choosing to buy units in a state of nature of Bad?
Answer format: Number. Round to: decimal places.
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