The optimistic decision criterion is the criterion of
A)maximax.
B)maximin.
C)realism.
D)equally likely.
E)minimax regret.

Name: The optimistic decision criterion is the criterion of A)maximax. B)maximin. C)realism. D)equally likely. E)minimax regret.
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Question

Quizplus · Accepted Answer

The optimistic decision criterion assumes the best outcome will occur and therefore chooses the alternative with the highest possible payoff. This is the maximax criterion.

The Optimistic Decision Criterion Is the Criterion of