The equally likely criterion is also called the ________ criterion.
A)Hurwicz
B)uncertainty
C)Laplace
D)LaFlore

Question

Quizplus · Accepted Answer

The equally likely criterion is also known as the Laplace criterion. The Hurwicz criterion involves a coefficient of optimism and pessimism, the uncertainty criterion involves maximizing the minimum payoff, and the LaFlore criterion is not a commonly recognized decision-making criterion.

The Equally Likely Criterion Is Also Called the ________ Criterion