Produces a regret (opportunity-loss) matrix with the minimax pick and the binding worst-case state, choosing among options over un-probabilized states of nature. Use when a few discrete options face a few discrete uncontrollable states and no defensible probabilities exist. Not an expected-value tre
Produces a regret (opportunity-loss) matrix with the minimax pick and the binding worst-case state, choosing among options over un-probabilized states of nature. Use when a few discrete options face a few discrete uncontrollable states and no defensible probabilities exist. Not an expected-value tree (which needs probabilities) and not an attribute scorecard.