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minimax regret: risk profile

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › minimax regret: risk profile

Viewing 4 posts - 1 through 4 (of 4 total)
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  • March 4, 2023 at 11:35 am #680101
    guyver101
    Participant
    • Topics: 33
    • Replies: 28
    • ☆☆

    Hi, I have it in my head that minimax regret is a risk averse choice.

    But cant find this in my notes/study texts etc

    I googled it and found a Kaplan site that said it is for risk neutral. But ChatGPT says risk averse.
    In your video at 11:10 you say its for risk avoider.

    Is the Kaplan site wrong?

    Thanks

    March 5, 2023 at 6:29 am #680131
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54478
    • ☆☆☆☆☆

    Assuming that you have quoted correctly then Kaplan is wrong. Risk averse means exactly the same as risk avoiding.

    Our lectures are correct (and are a complete free course for Paper PM covering everything needed to be able to pass the exam well).

    March 5, 2023 at 10:06 am #680154
    guyver101
    Participant
    • Topics: 33
    • Replies: 28
    • ☆☆

    Thank you John for the reassurance, I was starting to question myself!

    the link to the Kaplan page is here if you were interested

    https://kfknowledgebank.kaplan.co.uk/maximax-maximin-and-minimax-regret-

    Thanks again

    March 5, 2023 at 4:11 pm #680190
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54478
    • ☆☆☆☆☆

    Thanks for the link, but they are not correct in saying that it is risk neutral 🙂

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Viewing 4 posts - 1 through 4 (of 4 total)
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