Which of the Following Is a Decision-Making Approach That Attempts

Multiple Choice

Which of the following is a decision-making approach that attempts to find a compromise between the two extremes posed by the pessimistic maximin criterion and the optimistic maximax criterion by applying a certain percentage weight (α) to the most optimistic outcome,and (1-α) to the most pessimistic outcome.

A) maximax criterion
B) Laplace criterion
C) maximin criterion
D) Hurwicz criterion