A decision d is dominated by another decision D if, for every outcome, the payoff from D is better than (or no worse than) the payoff from d. a. Explain why you would never choose a dominated...

A decision d is dominated by another decision D if, for every outcome, the payoff from D is better than (or no worse than) the payoff from d.

a. Explain why you would never choose a dominated decision, using the maximin criterion; using the maximax criterion; using the EMV criterion.

b. Are any of the decisions in the simple threedecision, three-outcome example dominated by any others? What about in the SciTools example?