For decisions that are repeated over and over, managers can choose decisions based on the expected payoff that might occur.

Question

Quizplus · Accepted Answer

Yes, for decisions that are repeated over and over, managers can use the expected payoff to guide their decision-making process. By looking at the potential outcomes and the likelihood of each outcome occurring, managers can choose the decision that is likely to lead to the highest expected payoff in the long run. This approach is common in areas such as finance and investment, where decisions are made based on expected returns over time.

For Decisions That Are Repeated Over and Over, Managers Can