The following is a payoff table giving profits for various situations. Alternatives Alternative 1 Alternative 2 Alternative 3 Do Nothing States of Nature B 140 100 120 A 120 200 100 0 0 C 120 50 180 0 What decision would an optimist make?

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Question 13
The following is a payoff table giving profits for various situations.
Alternatives
Alternative 1
Alternative 2
Alternative 3
Do Nothing
States of Nature
B
140
100
120
0
A
120
200
100
0
C
120
O b. Do Nothing
O c. State of Nature A
Od. Alternative 1
Oe. Alternative 3
50
180
0
What decision would an optimist make?
a. Alternative 2
Transcribed Image Text:Question 13 The following is a payoff table giving profits for various situations. Alternatives Alternative 1 Alternative 2 Alternative 3 Do Nothing States of Nature B 140 100 120 0 A 120 200 100 0 C 120 O b. Do Nothing O c. State of Nature A Od. Alternative 1 Oe. Alternative 3 50 180 0 What decision would an optimist make? a. Alternative 2
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