Decision Making Under Uncertainty Conditions

Decision making under uncertainty conditions
Maximax, Maximin, Minimax regret
The following matrix gives the payoff of different strategies (Alternatives) in profits S1, S2 and S3 against condition (events) or state of nature N1, N2, N3 and N4

[pannyaldaishimwe]

I just have exam of Management in few hours and there is that part of Pessimistic and Optimistic in Uncertain condition. I found the video helpful. Thank You.

[allanjuma]

Great tutorial. Thanks alot. Keep producing more awesome content like this.

[Maria_farah]

thank you it is helpfull i have exam coming.

[yusuffabdulmusawwir]

So the probability aspect in the table is of no use??

[beverlysono]

Can we have the link to the video for decisions under risk