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Exhibit 14.9 The Following Questions Are Based on the Information Below

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Exhibit 14.9
The following questions are based on the information below.
An investor is considering 4 investments, W, X, Y, and Z. The payoff from each investment is a function of the economic climate over the next 2 years. The economy can expand or decline. The following payoff matrix has been developed for the investment decision problem. Exhibit 14.9 The following questions are based on the information below. An investor is considering 4 investments, W, X, Y, and Z. The payoff from each investment is a function of the economic climate over the next 2 years. The economy can expand or decline. The following payoff matrix has been developed for the investment decision problem.   -Refer to Exhibit 14.9. What decision should be made according to the minimax regret decision rule?
-Refer to Exhibit 14.9. What decision should be made according to the minimax regret decision rule?


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