Conservative decision maker


A payoff table is given as; what choice should be made by the conservative decision maker?

Decision

s1

s2

s3

d1

250

750

500

d2

300

-250

1200

d3

500

500

600

  1. d3

  2. d2

  3. d1

  4. d1 or d3

  5. d2 or d3

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Basic Statistics: Conservative decision maker
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