The minimax regret approach is
A)purely optimistic.
B)purely conservative.
C)both purely optimistic and purely conservative.
D)neither purely optimistic nor purely conservative.

Question

Quizplus · Accepted Answer

The minimax regret approach is neither purely optimistic nor purely conservative. It aims to minimize the maximum regret that could result from a decision, considering the worst-case scenario for each decision but not committing solely to pessimistic or optimistic outcomes.

The Minimax Regret Approach Is