Payoff table giving profits for various situations


The following is a payoff table giving profits for various situations.

State of Nature

Alternatives A B C

Alternatives 1 120 140 120

Alternatives 2 200 100 50

Alternatives 3 100 120 180

Do Nothing 0 0 0

What decision would an optimist make?

a) Alternative 1

b) Alternative 2

c) Alternative 3

d) Do Nothing

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Basic Statistics: Payoff table giving profits for various situations
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