The maximin rule
A)ignores bad outcomes.
B)is used by optimistic managers.
C)minimizes the potential regret.
D)a and c
E)none of the above

Name: The maximin rule A)ignores bad outcomes. B)is used by optimistic managers. C)minimizes the potential regret. D)a and c E)none of the above
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Question

Quizplus · Accepted Answer

The maximin rule focuses on maximizing the minimum payoff to avoid the worst-case scenario, rather than ignoring bad outcomes, being used by optimistic managers, or minimizing potential regret.

The Maximin Rule