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what type of investment strategy would be selected by the Equally Likelycriterion?

what type of investment strategy would be selected by the Equally Likelycriterion?

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Donald Harris received a windfall and needs to invest it for tax reasons. He went to his brother-in-law, Joe Harris, who is a financial advisor. Joe prepared a matrix that illustrated the possible returns on investment for different investment strategies under different economic conditions. That matrix is given below. Given these values, what type of investment strategy would be selected by the Equally Likelycriterion?

  Future Air Traffic
Strategies Major Downturn Downturn Upturn Major Upturn
Contrarian 20% 10% 5% -15%
Risk Averse 2% 4% 7% 10%
Growth -10% -8% 13% 20%
Aggressive -25% -20% 11% 35%
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