A second table (an opportunity loss table)must be computed when applying the maximin decision criterion.

Name: A second table (an opportunity loss table)must be computed when applying the maximin decision criterion.
Brand: Quizplus
Rating: 4.7 (30 reviews)

Question

Quizplus · Accepted Answer

The maximin decision criterion does not require the computation of an opportunity loss table; it involves choosing the action with the maximum of the minimum payoffs directly from the original payoff table.

A Second Table (An Opportunity Loss Table)must Be Computed When