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Author Question: Using the maximin criterion you identify the best payoff for each alternative and then choose the ... (Read 92 times)

bb

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on: Jun 24, 2018
Using the maximin criterion you identify the best payoff for each alternative and then choose the alternative that is the worst of the best.
 
  Indicate whether the statement is true or false

Question 2

The maximax criterion is the most optimistic method as well as the one with the highest level of risk.
 
  Indicate whether the statement is true or false


kingdude89

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Reply #1 on: Jun 24, 2018
Answer to Question 1

FALSE

Answer to Question 2

TRUE


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