In the Hurwicz Equation,Hi = α X (Maximum Payoff)+ (1-α)X

Multiple Choice

In the Hurwicz equation,Hi = α x (maximum payoff) + (1-α) x (minimum payoff) ; if we set α = 0,then the equation reduces to ______.

A) maximin criterion
B) maximax criterion
C) Laplace criterion
D) minimax regret criterion