What Decision Criterion Would Be Used by a Pessimistic Decision

question 71

Multiple Choice

What decision criterion would be used by a pessimistic decision maker solving a problem under conditions of uncertainty?

• A) expected monetary value
• B) equally likely
• C) maximax
• D) maximin
• E) minimin

---

Definitions:

Organisational Forms

Different structures and designs that organizations adopt based on their goals, strategies, and external environment.

Rapidly Changing Environment

A rapidly changing environment refers to a context or situation where external conditions, such as technological advancements or market dynamics, evolve quickly, impacting organizations or individuals.

New Technology

Innovative tools, systems, or devices that offer improved solutions, capabilities, or efficiency compared to existing options, often driving changes in how we work and live.

Task Forces

Formal teams convened for a specific purpose and expected to disband when that purpose is achieved.