Question: The following payoff tables represents COSTS. table [ [ , S 1 , S 2 , S 3 ] , [ D 1 ,
The following payoff tables represents COSTS.
tableSSSDDD
Which decision alternative should be chosen, if the decision maker uses the optimistic approach?
Choose
Which decision alternative should be chosen, if the decision maker uses the minimax regret approach?
Which decision alternative should be chosen, if the decision maker uses the equallikelihood approach?
If the decision maker chooses D what is the most regret possible?
Max regret
If ;; then the expected value of perfect information is:
I
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