poor strategy. It is immediately seen that e.g. s6 is better, because
its expected losses are smaller, whatever the state of nature is.
This is expressed by saying that S3 is dominated by s6. A strategy
s dominates s* if L(0i,s) L(0i,s*) and 1.(02,s) 1.(02,s*) but the
130
iMinimax expected
loss
TllMlnimax risk
R(eus)
Figure 2.
.Minimax risk
Figure 3.
