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Nonprobabilistic Criteria Are Used When Either the Probabilities Associated with the Possible

question 32

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Nonprobabilistic criteria are used when either the probabilities associated with the possible payoffs are unknown or the decision maker lacks confidence and/or information with which to assess probabilities for the various payoffs.

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Definitions:

Psychological

Relates to the mental processes and emotional state of an individual or group.

Collateral Characteristics

Attributes or features that are parallel or supplementary to the main qualities or aspects of something or someone.

Personal Qualities

The characteristics, traits, or attributes that define an individual’s personality or demeanor.

Integrally Involved

Being essential or fundamental to the entirety of a process, activity, or existence.

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