Which of the following is not an approach for decision making under uncertainty?
A)decision trees
B)maximin
C)maximax
D)minimax regret
E)Laplace

Question

Quizplus · Accepted Answer

Decision trees are a tool for decision making under certainty or risk, where outcomes for different choices are known or can be estimated with probabilities, not under uncertainty where outcomes are unknown. Maximin, maximax, minimax regret, and Laplace are strategies specifically designed for decision making under uncertainty.

Which of the Following Is Not an Approach for Decision