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To calculate minimax regret, you first need to construct a regret table by determining the regret for each decision in each possible state of nature. Regret is calculated by taking the difference between the payoff of the best decision for a given state of nature and the payoff of the decision being evaluated. Once you have the regret table filled out, find the maximum regret for each decision and then choose the decision with the minimum of these maximum regrets as your optimal decision.
What else can I help you with?
What sentence shows a threatening tone?
"I'll make you regret that decision one way or another."
Why should you spend a large amount of time thinking about a decision before you make it?
The bigger a decision is, the longer it is going to affect your life. You want to make sure you are making a decision that will positively affect your life. If you make a decision that turns out to be a bad one, you may have to regret it for a very long time.
What is the role of mathematics as a tool for decision making process in business?
every day of our lives we tend to plan how the next minute of our lives is going to be, by so doing we calculate in such a way that we cannot regret our tomorrow. our leaders who make all these decisions normally involve the economist who go into research and calculate what favors the crowd through there findings, all this has to be calculated before decision are been taken.
Why should you spend a large amount of time thinking about a big decision before you make it?
The bigger a decision is, the longer it is going to affect your life. You want to make sure you are making a decision that will positively affect your life. If you make a decision that turns out to be a bad one, you may have to regret it for a very long time.
How do you caliclating 225 word?
I regret that your question does not make sense and so I cannot answer it. I do not calculate (or caliclate) 225 word.
Why shouldn't you drink alcohol?
Drinking alcohol impairs you judgment. While drunk, you could make a decision you will later regret once you are sober.
Does Honda make good generators?
Honda does not make great generators. Do not waste your hard earned money because it will just go to waste and you will most definitely regret your dumb decision. Trust me.
What does romorse mean'?
"Remorse" is a feeling of deep regret or guilt for a past action or decision. It is often accompanied by a sense of responsibility for one's actions and a desire to make amends.
Should a women stay with a man who fathered a child outside of their relationship?
Sweetie this will be your own decision. You need to make sure that your decision will be the right one because this is your life. Do the right thing so you wouldn't regret it later on in life.
How do you make yourself regret something you did?
to make yourself regret what you did 1 think about what you did and 2 ask other people if it was right .
Do a decision or make a decision?
The answer is you make a decision.
Why is it imortant to make an importat decision alone?
Making an important decision alone allows you to truly consider your own thoughts and feelings without external influence. It helps you take ownership of the decision and build confidence in your ability to make choices. Additionally, being responsible for your decisions can lead to personal growth and self-awareness.
