Which of the following is NOT a decision making criterion?
A)Maximizing the expected monetary value of an action.
B)Minimizing the expected opportunity loss of an action.
C)Minimizing expected profit under certainty.
D)Maximizing the return-to-risk ratio.

Question

Quizplus · Accepted Answer

Minimizing expected profit under certainty is not a decision making criterion because it is not a valid objective.

Which of the Following Is NOT a Decision Making Criterion