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 S2 maximum regret is 9.
CA1 CA2 CA3
S1 8 5 12
S2 9 14 3
S3 16 13 20

Question

Quizplus · Accepted Answer

The maximum regret for S2 is calculated by comparing the outcomes of S2 with the best outcomes for each CA strategy, resulting in a maximum regret of 7, not 9.

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