A Decision Maker Who Uses the Maximax Criterion When Solving

question 25

Multiple Choice

A decision maker who uses the maximax criterion when solving a problem under conditions of uncertainty is:

• A) an optimist.
• B) a pessimist.
• C) an economist.
• D) an optometrist.
• E) making a serious mistake; maximax is not appropriate for conditions of uncertainty.

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Definitions:

Encoder

A device or algorithm that converts data or signals from one format into another for the purposes of standardization, speed, or security.

Oral Communication

The exchange of information or ideas through spoken words between individuals or groups.

Technical Problems

Issues related to the knowledge, tools, and techniques in the application of science and technology.

Informal Nature

The characteristic of activities or interactions that occur outside of formal structures and protocols, often spontaneous and unstructured.