The ________ criterion allows the decision maker to choose the level of risk he or she want to assume by choosing a, the index of optimism.
A)equally likely
B)maximin
C)maximax
D)Hurwicz

Question

Quizplus · Accepted Answer

The Hurwicz criterion is the decision-making rule that allows a decision maker to choose a level of risk by selecting a coefficient of optimism, denoted by alpha (a), which reflects their attitude towards risk.

The ________ Criterion Allows the Decision Maker to Choose the Level