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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 S1, 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 optimistic because he has chosen a maximin strategy.
C) Sam is feeling neither pessimistic nor optimistic because he has chosen neither a maximin nor a maximax strategy.
D) Sam is feeling both pessimistic and optimistic because he has chosen both a maximin and a maximax strategy.
Answer
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