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CT6-Decision theory

B

Bharti Singla

Senior Member
Hii all
Anyone please check the qus. attached below. In my knowledge we should always dominate strategy if any before applying any creterion like- minimax criterion or Bayes solution. I guess here, Strategy 1 (slots) should be dominated by both other strategies since it has minimum profit in all cases (less than both Dice and Cards). So, why its not dominated?
Please rply asap
Thanks.
 

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Please tutors suggest should we always do domination before applying any decision creteria i.e. Minimax creterion, Bayes solution even if it's not asked to do in the qus.?
 
Look at the examiner's report. It is dominated and left out. You'll reach the same conclusion either way.
 
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