What Decision Should Be Made Under Minimax Regret

question 47

Short Answer

$$\begin{array} { | l | c | c | c | } \hline & s _ { 1 } & s _ { 2 } & s _ { 3 } \\\hline \mathrm { d } _ { 1 } & 250 & 750 & 500 \\\hline \mathrm { d } _ { 2 } & 300 & - 250 & 1200 \\\hline \mathrm { d } _ { 3 } & 500 & 500 & 600 \\\hline\end{array}$$
What decision should be made under minimax regret?

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Definitions:

Exemplar View

The exemplar view is a theory of categorization positing that categories are represented by actual category members rather than by an abstract prototype.

Prototype

A standard or typical example that embodies the most common features of a particular category or concept.

Schemata

Cognitive structures that organize knowledge and guide information processing.

Abstract Summaries

are concise restatements of the main points of a text or speech, often used to help readers grasp the essential information quickly.