Which of the following is not a decision making criterion?
A) Maximizing the return-to-risk ratio.
B) Maximizing the expected monetary value of an action.
C) Minimizing expected profit under certainty.
D) Minimizing the expected opportunity loss of an action.

Question

Quizplus · Accepted Answer

Minimizing expected profit under certainty is not a decision making criterion, as it assumes that the outcome of an action is certain, which is not always the case in decision making. The other options are all commonly used decision making criteria.

Which of the Following Is Not a Decision Making Criterion