The decision rule most appropriate for the realistic manager using decision making under uncertainty would be:
A)maximin.
B)maximax.
C)Laplace.
D)minimax regret.

Name: The decision rule most appropriate for the realistic manager using decision making under uncertainty would be: A)maximin. B)maximax. C)Laplace. D)minimax regret.
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Question

Quizplus · Accepted Answer

The Laplace criterion assumes that all outcomes are equally likely and averages them, making it suitable for managers who want a balanced approach under uncertainty.

The Decision Rule Most Appropriate for the Realistic Manager Using