The minimax regret criterion is a conservative criterion.

Name: The minimax regret criterion is a conservative criterion.
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The minimax regret criterion is a conservative criterion because it focuses on minimizing the maximum possible regret, which means it is prioritizing the worst-case scenario. This may lead to conservative decision-making, as the decision-maker may choose a non-optimal option to avoid the possibility of significant regret in the worst-case scenario.

The Minimax Regret Criterion Is a Conservative Criterion