The ________ criterion results in the maximum of the minimum payoffs.
A) minimax
B) maximax
C) maximin
D) minimin

Name: The ________ criterion results in the maximum of the minimum payoffs. A) minimax B) maximax C) maximin D) minimin
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Question

Quizplus · Accepted Answer

The maximin criterion results in choosing the option with the maximum minimum payoff. This is a conservative approach that focuses on minimizing the worst possible outcome.

The ________ Criterion Results in the Maximum of the Minimum