A manager who desires to minimize his or her maximum "regret" will opt for a ________ choice.
A) minimum
B) maximax
C) minimax
D) maximin

Name: A manager who desires to minimize his or her maximum "regret" will opt for a ________ choice. A) minimum B) maximax C) minimax D) maximin
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Question

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The minimax regret criterion involves choosing the option that minimizes the maximum regret, which is the difference between the payoff of the chosen option and the best possible payoff in each scenario.

A Manager Who Desires to Minimize His or Her Maximum