The maximax criterion finds the worst possible payoff for each alternative and then chooses the alternative that yields the maximum payoff.

Name: The maximax criterion finds the worst possible payoff for each alternative and then chooses the alternative that yields the maximum payoff.
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The maximax criterion finds the best possible payoff for each alternative and then chooses the alternative that yields the maximum of these best payoffs.

The Maximax Criterion Finds the Worst Possible Payoff for Each