This Regret Matrix Gives Potential Dollar Values in Thousands for Strategies

question 93

Multiple Choice

This regret matrix gives potential dollar values in thousands for strategies S1, S2, S3, and S4 for Al's Fish Fry and competitive strategies CA1, CA2, and CA3 for Sal's Fish Bake.If Al chooses S3, what kind of strategy is he using? CA1 CA2 CA3
S1 3 15 9
S2 12 10 12
S3 8 9 17
S4 13 16 3

• A)minimax
• B)maximin
• C)maximax
• D)minimin

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Definitions:

Type D Personality

A personality type associated with negative affectivity (worry, irritability) and social inhibition (reticence, lack of self-assurance).

Heart Disease

A range of conditions that affect the heart, including coronary artery disease, arrhythmias, and heart failure.

Cancer

A disease caused by an uncontrolled division of abnormal cells in a part of the body, potentially leading to invasion of other tissues.

Rumination

The common practice of letting stressful thoughts run through your mind, over and over.