This payoff matrix gives values for strategies S1, S2, and S3 for the Bigg Company and competitive strategies CA1, CA2, and CA3 for the Large Company.From Bigg's point of view, the S1 maximum regret for CA2 is 8.
CA1 CA2 CA3
S1 8 5 12
S2 9 14 3
S3 16 13 20

Question

Quizplus · Accepted Answer

The maximum regret for S1 under CA2 is calculated by comparing the payoff of S1 with the best payoff under CA2, which is 14 (from S2). The regret is 14 - 5 = 9, not 8.

This Payoff Matrix Gives Values for Strategies S1, S2, and S3