This topic contains a solution. Click here to go to the answer

Author Question: A pessimistic manager will typically follow a minimin choice. Indicate whether the statement is ... (Read 38 times)

moongchi

  • Hero Member
  • *****
  • Posts: 516
A pessimistic manager will typically follow a minimin choice.
 
  Indicate whether the statement is true or false.

Question 2

An optimistic manager will typically follow a maximax choice.
 
  Indicate whether the statement is true or false.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jbrasil

  • Sr. Member
  • ****
  • Posts: 337
Answer to Question 1

Answer: FALSE
Explanation: When pessimistic, a manager will look to maximize the minimum possible payoff that is given by a maximin choice.

Answer to Question 2

Answer: TRUE
Explanation: When optimistic, a manager will look to maximize the maximum possible payoff that is given by a maximax choice.




moongchi

  • Member
  • Posts: 516
Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)


mcabuhat

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

For a complete list of videos, visit our video library