Author Question: Using the maximin criterion you identify the best payoff for each alternative and then choose the ... (Read 111 times)

bb

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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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Answer to Question 1

FALSE

Answer to Question 2

TRUE



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