CT6-Decision theory

Discussion in 'CT6' started by Bharti Singla, Mar 9, 2017.

  1. Bharti Singla

    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.
     

    Attached Files:

  2. vgarg

    vgarg Member

    Yup it seems to me too.
     
  3. Bharti Singla

    Bharti Singla Senior Member

    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.?
     
  4. suraj

    suraj Member

    Look at the examiner's report. It is dominated and left out. You'll reach the same conclusion either way.
     
    John Lee likes this.
  5. Bharti Singla

    Bharti Singla Senior Member

    Okay, thanq!
     

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