Which of the Following Approaches for Dealing with Uncertainty Involves

question 24

Multiple Choice

Which of the following approaches for dealing with uncertainty involves comparing the worst possible outcomes for each alternative and selecting the one that is least undesirable?

• A) The expected value approach
• B) The optimistic approach
• C) The maximin approach
• D) The gambling approach
• E) The risk-averting approach

---

Definitions:

Growth Mindset

The belief that abilities and intelligence can be developed through dedication, hard work, and the embrace of challenges.

Fixed Mindset

A belief that one's abilities, intelligence, and talents are fixed traits, which can limit growth and learning potential.

Fixed Mindset

The belief that abilities, intelligence, and talents are fixed traits and cannot be significantly developed.

Growth Mindset

A belief that abilities and intelligence can be developed through dedication and hard work, embracing challenges, and seeing failure as a path to mastery.