PAYOFFS
Alternatives 50 100 150 200 Maximum Choice Minimum Choice Average Choice Realism Choice
REGRET
Alternatives 50 100 150 200 Maximum Choice
50 $0 $1,000 $1,000 $1,500 $1,500
(d) Hurwicz
(e) Minimax
Problem 8-22
Outcomes
Demand
(a) Maximax
(b) Maximin
(c) Equally Likely