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    Quantitative Analysis for Management
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    Exam 3: Decision Analysis
  5. Question
    The Maximax Decision Criterion Is Used by Pessimistic Decision Makers
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The Maximax Decision Criterion Is Used by Pessimistic Decision Makers

Question 118

Question 118

True/False

The maximax decision criterion is used by pessimistic decision makers and maximizes the maximum outcome for every alternative.

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