Which of the following are not examples of non-probabilistic decision criteria?
A) Maximin decision criteria.
B) Minimum outcome criteria.
C) Maximax decision criteria.
D) Minimax regret decision criteria.

Question

Quizplus · Accepted Answer

Minimum outcome criteria is not a standard term used in the context of non-probabilistic decision criteria. The other options (Maximin, Maximax, and Minimax regret) are well-known non-probabilistic decision-making criteria used under conditions of uncertainty.

Which of the Following Are Not Examples of Non-Probabilistic Decision