With choice S1, a manager sees gains of $10 million and $6 million. With choice S2, a manager sees gains of $12 million and $8 million. S2 might be the choice of a pessimistic manager
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: S2 has the greatest possible minimum payoff, so it could be the strategy of an optimist. It could also be the strategy of a pessimist since S2 also has the greatest possible maximum.
Business
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