In Decision-Making Under Uncertainty, a Pessimistic Approach Is the __________

question 102

Multiple Choice

In decision-making under uncertainty, a pessimistic approach is the __________.

• A)maximin criterion
• B)maximax criterion
• C)Hurwicz criterion
• D)minimax regret strategy
• E)maximin regret strategy

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Definitions:

Influence Tactics

Strategies or approaches used to persuade or direct others' behavior in order to achieve one's objectives.

Referent Power

A form of influence based on the ability to attract others and build loyalty through charisma, likability, or status.

Influence Tactics

Strategies or methods used by individuals to change the perception, opinion, or behavior of others to achieve a desired outcome.

Bases of Power

The sources or origins of authority and influence that leaders or entities possess, including aspects like expert power, legitimate power, and coercive power.