maximin rule
A)ignores bad outcomes.
B)is used by optimistic managers.
C)minimizes the potential regret.
D)a and c
E)none of the above

Name: maximin rule A)ignores bad outcomes. B)is used by optimistic managers. C)minimizes the potential regret. D)a and c E)none of the above
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Question

Quizplus · Accepted Answer

The maximin rule focuses on maximizing the minimum payoff, which means it does not ignore bad outcomes and is not used by optimistic managers. It does not minimize potential regret, which is related to the minimax regret rule.

Maximin Rule