Question: Using the table below, a conservative decision maker should choose which decision? STATES OF NATURE Decision s1 s2 s3 d1 -5,000 12,000 15,000 d2 15,000

Using the table below, a conservative decision maker should choose which decision?

STATES OF NATURE

Decision

s1

s2

s3

d1

-5,000

12,000

15,000

d2

15,000

-9,000

8,000

d3

18,000

9,000

-1,000

d4

11,000

-2,000

15,000

d3

d1

d4

d2

d2 or d3

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