In Hurwicz criterion,coefficient α's mirror image (1-α)is called the ______.
A)coefficient of realism
B)coefficient of pessimism
C)coefficient of payoff
D)coefficient of regret

Question

Quizplus · Accepted Answer

The coefficient α represents the decision maker's attitude towards risk, while (1-α) represents the attitude towards pessimism. Therefore, the mirror image of α is known as the coefficient of pessimism.

In Hurwicz Criterion,coefficient α'S Mirror Image (1-α)Is Called the ______