Author Question: The goal of the _____________ criterion is to minimize the decision maker's regret of making a wrong ... (Read 774 times)

arivle123 · **on:** Jun 24, 2018

The goal of the _____________ criterion is to minimize the decision maker's regret of making a wrong choice.

A) Hurwicz
B) equally likely
C) minimax regret
D) maximax

Question 2

Using the _____________ criterion you choose the alternative with the highest average payoffin the decision table.

A) maximin
B) equally likely
C) minimax regret
D) maximax