An Individual Making a 'Maximin' Type of Choice Has What

question 113

Multiple Choice

An individual making a 'maximin' type of choice has what type of psychological orientation concerning uncertain decision making?

• A)optimist
• B)realist
• C)pessimist
• D)satisficer
• E)extremist

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Definitions:

Sociocultural Considerations

Aspects of social and cultural contexts that influence behaviors, practices, and policies, recognizing the impact of societal and cultural factors.

Economic Security

The condition of having stable income or other resources to support a standard of living now and in the foreseeable future.

Underemployment

A situation in which workers are employed in positions requiring less education and skill than they have.

Productivity

A measure of the efficiency of production, often calculated as the ratio of outputs produced to inputs used.