= 0,In a two-class, two-action problem, if the loss function is A11 A22A12= 10, and A21 = 1, write the optimal decision rule.=

Answered: Image /qna-images/answer/112330c1-7a01-4c48-a061-f1d8d2af70be.jpg

Answered: In a two-class, two-action problem, if…

In a two-class, two-action problem, if the loss function is A11 A12 = 10, and A21 = 1, write the optimal decision rule. = A22 = 0,

Operations Research : Applications and Algorithms

4th Edition

ISBN:9780534380588

Author:Wayne L. Winston

Publisher:Wayne L. Winston

Chapter14: Game Theory

Section14.2: Two-person Zero-sum Games: Randomized Strategies, Domination, And Graphical Solution

Problem 7P

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Utility theory

The utility theory in economics is stated based on an individual’s preferences. It explains the behavior of individuals. Depending on the assumption, people can be ranked in order of their preferences. In other words, utility means the property in an object that brings benefit, advantage, pleasure, well-being, welfare, good, or happiness.

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In a two-class, two-action problem, if the loss function is A11 A22
A12= 10, and A21 = 1, write the optimal decision rule.
=

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