PAYOFFS
Alternatives Good Average Poor Maximum Choice Minimum Choice Average Choice Realism Choice
Expand $76,000 $30,000 -$17,000 $76,000
-$17,000 $29,667 $20,200 Best
REGRET
Alternatives Good Average Poor Maximum Choice
Outcomes
(d) Hurwicz
(e) Minimax
Problem 8-14
(a) Maximax
(b) Maximin
(c) Equally Likely
Outcomes