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You Have a Decision to Invest $10,000 in Any of Four

Question 53

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You have a decision to invest $10,000 in any of four different companies.You estimate that the probabilities that the economy will be favorable or unfavorable and you estimate the percent returns over the next year. You have a decision to invest $10,000 in any of four different companies.You estimate that the probabilities that the economy will be favorable or unfavorable and you estimate the percent returns over the next year. Based on the maximax criterion, what is the choice? Based on the maximax criterion, what is the choice?

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