Question: Suppose a decision maker is considering three decision alternatives: A1, A2, and A3. Three potential states of nature have been identified: S1, S2, and S3.

Suppose a decision maker is considering three decision alternatives: A1, A2, and A3. Three potential states of nature have been identified: S1, S2, and S3. The payoff for each combination of alternative and state of nature has been estimated and appears in the following payoff table: S1 S2 S3 A1 113 105 -65 A2 117 62 -52 A3 32 45 46 Calculate the regret (or opportunity loss) value for the combination of A2 and S2. Your

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