Consider the Following Decision Scenario If Somehow You Find Out for Certain That State of l

question 59

Short Answer

Consider the following decision scenario: $$\begin{array} { | l | l | l | l | l | } \hline { \text { Alternative } } & { \text { State of Nature } } & & \\\hline & \# 1 & \# 2 & \# 3 & \# 4 \\ \hline \text { A } & 1 & 0 & 1 & 6 \\\hline \text { B } & 1 & 5 & 4 & 2 \\\hline \text { C } & 3 & 2 & 2 & 3 \\\hline\end{array}$$ If somehow you find out for certain that state of nature 4 is going to occur, which alternative will you select?