Criterion for making decisions under uncertainty

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Reference no: EM132291093

Decision Alternative Good Economy Poor Economy

Stock Market 80,000 -20,000

Bonds 30,000 20,000

Cds 23,000 23,000

Probability 0.5 0.5

USE THIS TABLE to practice the 5 Criterion for Making Decisions under Uncertainty (SHOW YOUR WORK) and show your selections (highlight your best alternative) for each of the 5 techniques ie Maximax, Maximin, Hurwicz Realism (use alpha = .7), LaPlace, and Minimax Regret.

Reference no: EM132291093

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