-If you are uncertain which state of nature will occur, and use the minimax regret criterion, which alternative will you select?
Definitions:
Freeholders
Historically, individuals who owned their land outright, without owing feudal duties or rents to a superior, often having specific political rights or privileges in their locality.
Suffrage
The entitlement to participate in political elections by casting a vote.
Popular Votes
The total number of votes cast by the electorate in an election, as opposed to electoral college votes or legislative votes.
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