Choosing the alternative that is the "best of the worst" using decision making under uncertainty would be:
A) maximin.
B) maximax.
C) Laplace.
D) minimax regret.

Question

Quizplus · Accepted Answer

The maximin approach is used in decision-making under uncertainty to choose the alternative with the best of the worst possible outcomes. It focuses on maximizing the minimum gain, effectively selecting the "best of the worst" scenario.

Choosing the Alternative That Is the "Best of the Worst