The ________ criterion finds the best-possible payoff for each alternative and then chooses the alternative that yields the maximum best-possible payoff.
A) maximin
B) certainty
C) maximax
D) decision

Question

Quizplus · Accepted Answer

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

The ________ Criterion Finds the Best-Possible Payoff for Each Alternative