Question: Question 4 : For the given pay-off matrix States A B C D E F Action 1 -2 10 9 -4 6 12 Action 2

Question 4:

For the given pay-off matrix

States

A

B

C

D

E

F

Action 1

-2

10

9

-4

6

12

Action 2

12

11

-8

7

-5

19

Action 3

14

-5

12

5

10

8

Action 4

3

0

15

-7

8

-5

Action 5

7

4

9

10

-10

12

  1. find the best action using the maxmin criterion (Show your work)
  2. Specify the regret matrix
  3. Find the best action using the minmax regret criterion (show your work)

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