Which of the following is considered a criterion of "good" decision making?
A) that made by the expert
B) that which has a positive outcome
C) that which maximizes expected value
D) all of the above

Question

Quizplus · Accepted Answer

All the options listed are considered criteria for "good" decision making in various contexts. Expertise (A) often leads to better decisions due to specialized knowledge. Positive outcomes (B) are a direct indicator of a decision's effectiveness. Maximizing expected value (C) is a fundamental principle in decision theory, aiming for the best possible average outcome.

Which of the Following Is Considered a Criterion of "Good