The ________ criterion finds the worst-possible payoff for each alternative and then chooses the alternative that yields the maximum worst-possible payoff.
A) maximin
B) certainty
C) maximax
D) decision

Question

Quizplus · Accepted Answer

The maximin criterion finds the worst-possible payoff for each alternative and then chooses the alternative that yields the maximum worst-possible payoff.

The ________ Criterion Finds the Worst-Possible Payoff for Each Alternative