Consider the following payoff table. S1 S2 S3 S4 A1 22 14 10 -8 A2 12...
Consider the following payoff table.
|
S1 |
S2 |
S3 |
S4 |
|||
|
A1 |
22 |
14 |
10 |
-8 |
||
|
A2 |
12 |
6 |
16 |
-2 |
||
|
A3 |
-4 |
8 |
10 |
12 |
With alpha = 0.4, the Hurwicz value for A3 would be:
|
4.8 |
||
|
2.4 |
||
|
10.4 |
||
|
5.6 |
With a maximin strategy, the best alternative would be:
|
A1 |
||
|
A2 |
||
|
A3 |
||
|
There is not enough information available. |
Homework Answers
1)Hurwicz value for A3 would be =max(of all values in A3)*0.4+min( all values in A3)*0.6
=12*0.4+(-4)*0.6=2.4
2) With a maximin strategy, the best alternative would be A2
Add Answer to:
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