John Connor and his friends are planning a recreational outing
and have constructed the following payoff...
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John Connor and his friends are planning a recreational outingand have constructed the following payoff table to help them decidewhich activity to engage in. Assume that the payoffs representtheir level of death and dismemberment for each activity under thevarious possibilities for sentient cybernetic organisms they mayencounter. They have no idea which of the terminators, the T-X, theT-1000, or the T-100, they might encounter on their outing.
Picnic
Rappelling
Disable Skynet
T-X
100
150
75
T-1000
150
125
100
T-100
200
50
125
If the group is optimistic, what decision should they make? [5Marks]
If the group is conservative, what decision will they make? [5Marks]
If the group chooses to minimize their maximum regret, whatactivity will they choose? [5 Marks]
If the probabilities of the T-X, T-1000, and T-100 are 0.2,0.4, and 0.4, respectively, then what decision should be made usingthe expected value criterion? [5 Marks]
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