Answer to Question 1
An aggressive decision maker might seek the option that holds the promise of minimizing the potential loss. For a minimization objective, this aggressive strategy is also often called a minimin strategy, that is, the decision that minimizes the minimum payoff is chosen. Aggressive decision makers are often called speculators, particularly in financial arenas because they increase their exposure to risk in hopes of increasing their return.
A conservative decision maker, on the other hand, might take a more pessimistic attitude. Such a strategy is also known as a minimax strategy because the decision that corresponds to the minimum value of the largest cost is chosen. Conservative decision makers are often called risk averse and are willing to forgo potential returns in order to reduce their exposure to risk.
Answer to Question 2
C
Using concept maps as a learning strategy
Charles E. Coughlin, the “Radio Priest,” was the father of conservative “talk radio.”
Success of the Republican “Southern Strategy”
Aggressive and disruptive children are often not well-liked by peers and can be rejected or excluded ...
What are examples of ideal forms?
Strategy: Algorithms and Heuristics