Consider the following decision: You have an opportunity to buy an item worth $1000 for $900. You don’t have the money, but a friend is

Consider the following decision: You have an opportunity to buy an item worth $1000 for $900.
You don’t have the money, but a friend is willing to loan it to you. You are deciding whether to
borrowthe $900. You told her you’d pay her back with $150interest. She might tell you don’t have
to pay the money back, but even if she does you’ll still give her the $900 back (but not the interest).
You don’t know the probability that she’ll tell you to keep your money. If you don’t borrow the
money, you won’t get the $1000 item.
Consider the payoff table:

Consider the payoff table:
Acts
Friend will say don’t Friend will not say
States->
pay
don’t pay
Borrow from
$1000-$900 =
$1000-$1050 =
friend
$100
-$50
Don’t borrow
$0
from friend
$0
act is recommended by the maximin strategy?
Friend will not say don’t pay
Friend will say don’t pay
Don’t borrow from friend
Borrow from friend