Question: Use the table below to determine which decision should be made based on a pessimistic decision maker. States of Nature Decision s1 s2 s3 d1

Use the table below to determine which decision

Use the table below to determine which decision should be made based on a pessimistic decision maker. States of Nature Decision s1 s2 s3 d1 700 -500 1300 d2 -900 1500 800 d3 2000 500 -300 d4 1100 -400 1500 O d1 or d4 O d2 Od1 Od4 O d3

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