A pessimistic decision making criterion is
A)maximax.
B)equally likely.
C)maximin.
D)decision making under certainty.
E)minimax regret.

Question

Quizplus · Accepted Answer

The pessimistic decision making criterion, also known as maximin, chooses the alternative with the highest minimum payoff. This is a conservative approach as it assumes the worst-case scenario will occur and seeks to minimize potential losses.

A Pessimistic Decision Making Criterion Is