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Question
Which of the following best defines regret in a payoff matrix?
A) Regret refers to the difference of the sum of the values in a chosen strategy and the sum of the best strategy.
B) Regret refers to the difference of the sum of the values in a chosen strategy and the sum of the worst strategy.
C) Regret refers to the sum total of the sum of the values in a chosen strategy and the sum of the best strategy.
D) Regret refers to the extra amount of money that could have been made had the person chosen a different strategy.
Answer
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Related questions
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