Using the minimax regret criterion to make a decision, you Answer

Using the minimax regret criterion to make a decision, you
Answer

Construct a table of regrets. Look at the maximum regret for each decision. Select the decision with the smallest maximum regret.

Look at the worst payoff for each possible decision and select the decision with the largest worst payoff

Construct a table of regrets. Look at the minimum regret for each decision. Select the decision with the smallest minimum regret.

Run in circles, scream and shout

Use the order calculator below and get started! Contact our live support team for any assistance or inquiry.

[order_calculator]