Multiple Choice
Exhibit 14.2
The following questions are based on the information below.
An investor is considering 4 investments, A, B, C and leaving his money in the bank. The payoff from each investment is a function of the economic climate over the next 2 years. The economy can expand or decline. The following payoff matrix has been developed for the decision problem.
-The amount of opportunity lost in making a decision is called
A) loss.
B) frustration.
C) negative profit.
D) regret.
Correct Answer:

Verified
Correct Answer:
Verified
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