"Cletus, my boy," he said to his dog that was dozing peacefully before the fireplace, "I don't like to look back on my decisions with any regret
In fact, in my golden years I make most of my decisions so that when I do look back, I have as little regret as possible." What is the regret table and optimal choice given this state of mind?
Answer: The regret table looks something like this:
1 2 3
A 24 28 28
B 17 29 0
C 19 16 31
D 0 0 33
E 7 0 33
The minimum of the maximum regrets is the 28 associated with alternative A in state of nature
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