The optimistic decision criterion is the criterion of
A)maximax.
B)maximin.
C)realism.
D)equally likely.

Question

Quizplus · Accepted Answer

The optimistic decision criterion, also known as maximax, is the one that assumes everything will go perfectly and chooses the alternative with the highest possible payoff. This criterion is appropriate for decision makers who are risk-seeking and are willing to take the highest possible return even if it involves a higher level of risk.

The Optimistic Decision Criterion Is the Criterion of