The decision maker who is neither optimistic nor pessimistic might use which criterion?
A)minimax
B)maximin
C)maximax
D)the principle of insufficient reason

Question

Quizplus · Accepted Answer

The principle of insufficient reason assumes that all outcomes are equally likely and therefore recommends choosing an option that provides the best average outcome. This would be the best criterion for a decision maker who is neither optimistic nor pessimistic.

The Decision Maker Who Is Neither Optimistic nor Pessimistic Might