What is the most optimistic of all possible maximin,maximax,and minimax regret strategies?
A)Minimax
B)Maximax
C)Maximin
D)Minimax regret

Question

Quizplus · Accepted Answer

The maximax strategy is the most optimistic of all three because it assumes that the best possible outcome will always occur. This strategy is best suited for decision-makers who are risk-takers and have a positive outlook on their choices. It maximizes the best possible outcome, even if the probability of that outcome is low.

What Is the Most Optimistic of All Possible Maximin,maximax,and Minimax