In decision-making under uncertainty, the approach that considers only the best and the worst payoffs for each decision alternative is the __________.
A)maximin criterion
B)maximax criterion
C)Hurwicz criterion
D)minimax regret strategy
E)maximin regret strategy

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The Answer of In decision-making under uncertainty, the approach that considers only the best and the worst payoffs for each decision alternative is the __________.
A)maximin criterion
B)maximax criterion
C)Hurwicz criterion
D)minimax regret strategy
E)maximin regret strategy

In Decision-Making Under Uncertainty, the Approach That Considers Only the Best