The lexicographic rule is a noncompensatory decision rule where the option selected must surpass a minimum cutoff across all relevant attributes.

Question

Quizplus · Accepted Answer

The lexicographic rule is a decision-making process where options are compared based on the most important attribute first. If one option is superior on that attribute, it is chosen; if two or more options are equal, the next most important attribute is considered. This process does not involve setting a minimum cutoff across all attributes.

The Lexicographic Rule Is a Noncompensatory Decision Rule Where the Option