Which of the following is a pessimistic approach for dealing with uncertainty when making decisions?
A) The maximin approach
B) The synectics approach
C) The nominal grouping approach
D) The expected value approach
E) The risk-averting approach

Question

Quizplus · Accepted Answer

The maximin approach is a pessimistic approach because it involves choosing the option with the highest minimum pay-off, assuming that the worst possible outcome will occur.

Which of the Following Is a Pessimistic Approach for Dealing