If a new alternative is added to a payoff table and the maximax criterion is applied again, the new decision must either remain with the original maximax alternative or the new alternative.

Question

Quizplus · Accepted Answer

The maximax criterion requires selecting the alternative with the highest maximum payoff. Therefore, if the new alternative has a higher maximum payoff than the original maximax alternative, it will replace the original one as the new maximax alternative. However, if the new alternative has a lower maximum payoff than the original maximax alternative, the original maximax alternative will remain the best choice.

If a New Alternative Is Added to a Payoff Table