A pessimistic decision-making criterion is
A)maximax.
B)equally likely.
C)maximin.
D)decision making under certainty.

Question

Quizplus · Accepted Answer

A pessimistic decision-making criterion assumes the worst-case scenario and focuses on minimizing the maximum possible loss. The maximin criterion represents this approach by selecting the alternative that has the highest minimum payoff. Thus, option C, maximin, is the best choice.

A Pessimistic Decision-Making Criterion Is