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Question
This regret matrix gives values for strategies S1, S2, and S3 for the Bigg Company and competitive strategies CA1, CA2, and CA3 for the Large Company. A minimax Bigg manager would choose S2 because it has the smallest maximum regret of 1.
| CA1 | CA2 | CA3 | |
| S1 | 5 | 5 | 3 |
| S2 | 9 | 6 | 1 |
| S3 | 10 | 2 | 5 |
Answer
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