A decision standard that selects the alternative with the best of the worst possible outcomes is:

Question

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The maximin criterion is a decision standard that selects the alternative with the best of the worst possible outcomes. This means that the decision maker considers the worst possible outcome for each alternative and selects the one with the best worst outcome. This criterion is often used when the decision maker is risk-averse and wants to avoid the worst possible outcome.

A Decision Standard That Selects the Alternative with the Best