The maximax criterion finds the best possible payoff for each alternative and then chooses the alternative that yields the maximum (best) possible payoff.

Name: The maximax criterion finds the best possible payoff for each alternative and then chooses the alternative that yields the maximum (best) possible payoff.
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The maximax criterion finds the best possible payoff for each alternative and then chooses the alternative that yields the maximum (best) possible payoff.

The Maximax Criterion Finds the Best Possible Payoff for Each