Multiple Choice
The _____________ criterion finds the best possible payoff for each alternative and then chooses the alternative that yields the maximum payoff.
A) Maximin
B) Certainty
C) Maximax
D) Decision
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q3: Maximax is a criterion used when making
Q6: The expected value criterion is used for
Q9: If the decision maker has no knowledge
Q61: The alternatives 1 and 2 in the
Q62: The _ criterion is attractive to those
Q63: A decision-maker's expected utility is based upon
Q63: The maximin criterion finds the best possible
Q69: The alternatives 1 and 2 in the
Q82: The maximax criterion is preferred by pessimistic
Q84: In a decision-making situation, the maximum amount