Question: Using the LAPLACE method, Which decision alternative would you pick ? State of nature Decision Alternative Poor Average Good Decision Alternative 1 2 7 2

Using the LAPLACE method, Which decision alternative would you pick ?
State of nature
Decision Alternative Poor Average Good
Decision Alternative 1272124
Decision Alternative 2191916
Decision Alternative 3251334
Decision Alternative 4222330
Question 2 options:
1)
Decision Alternative 1
2)
Decision Alternative 2
3)
Decision Alternative 3
4)
Decision Alternative 4

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