This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A pessimistic manager will typically follow a minimin choice. Indicate whether the statement is ... (Read 42 times)

moongchi

  • Hero Member
  • *****
  • Posts: 516
on: Jul 6, 2018
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
Reply #1 on: Jul 6, 2018
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 :)

EAN94

  • Member
  • Posts: 307
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

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.

(A) Bronchopneumonia with localized pattern. (B) Lobar pneumonia with a diffuse pattern within the l (A) Bronchopneumonia with localized pattern. (B) Lobar pneumonia with a diffuse pattern within the l
In this photo opportunity, Phillies manager Ben Chapman refused to shake Jackie Robinson’s hand. ... In this photo opportunity, Phillies manager Ben Chapman refused to shake Jackie Robinson’s hand. ...
“Career choice” for many women means leaving their paid jobs for a number of years when they ... “Career choice” for many women means leaving their paid jobs for a number of years when they ...
Women have even more need than men to plan for retirement; at retirement age they have typically ... Women have even more need than men to plan for retirement; at retirement age they have typically ...
Nuts are healthy choice Nuts are healthy choice
Video: How Hemoglobin Picks Up and Delivers Oxygen

For a complete list of videos, visit our video library