THERE IS 0 Minimax Regret ?

This topic has 1 reply, 2 voices, and was last updated 6 years ago by mrjonbain.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
April 10, 2020 at 9:53 am #567093
inn2020
Member
- Topics: 1
- Replies: 0
If the regret table show like this
maximum payoff
HIGH 0
AVERAGE 25
LOW 60
Which strategy should Pretty adopt under (Minimax Regret Approach.
April 24, 2020 at 1:12 pm #569157
mrjonbain
Moderator
- Topics: 6
- Replies: 2609
I think it would be the 0 regret as this is lower than the other options.It does seem like an unusual situation.Could you pleases give the full question or scenario.
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.