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Question
This payoff matrix gives potential dollar gain values in thousands for strategies S1, S2, S3, and S4 for Sam's Pizza and competitive strategies CA1, CA2, and CA3 for Pam's Pizza. If Sam chooses S3, how is he feeling about the business climate?
| CA1 | CA2 | CA3 | |
| S1 | 13 | 14 | 7 |
| S2 | 7 | 17 | 12 |
| S3 | 31 | 29 | 4 |
| S4 | 20 | 12 | 21 |
A) Sam is feeling pessimistic because he has chosen a maximax strategy.
B) Sam is feeling pessimistic because he has chosen a minimax strategy.
C) Sam is feeling optimistic because he has chosen a maximax strategy.
D) Sam is feeling optimistic because he has chosen a maximin strategy.
Answer
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