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Minimax Regret

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Minimax Regret

  • This topic has 3 replies, 2 voices, and was last updated 12 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • November 20, 2012 at 6:43 pm #55538
    elsie2009
    Member
    • Topics: 34
    • Replies: 61
    • ☆☆

    The minimax regret rule objective is to minimise the regret for making the wrong decision, is this a preference of a risk seeker or risk avoider?

    November 21, 2012 at 6:14 pm #108067
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54709
    • ☆☆☆☆☆

    Its a risk avoider.

    (Have you watched my lecture on this?)

    November 21, 2012 at 9:36 pm #108068
    elsie2009
    Member
    • Topics: 34
    • Replies: 61
    • ☆☆

    Yes it was a great lecture I just keep confusing the mini max elements, clear now thanks!!!

    November 22, 2012 at 5:40 pm #108069
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54709
    • ☆☆☆☆☆

    Thats good 🙂

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