Which of the Following Is a Decision-Making Approach a Person

question 60

Multiple Choice

Which of the following is a decision-making approach a person uses when the negative impact of making the wrong decision is so high that he or she chooses that alternative that guarantees at least the minimum payoff?

• A)maximax criterion
• B)Laplace criterion
• C)maximin criterion
• D)minimax regret criterion

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Definitions:

Habituation

A psychological learning process wherein there is a decrease in response to a stimulus after being repeatedly exposed to it.

Repetitive Stimuli

Stimuli that are presented repeatedly, which can lead to various psychological effects such as habituation or sensitization.

Energy Conservation

The practice of reducing energy consumption through using less of an energy service and efficient energy usage.

Dishabituation

Increase in responsiveness after presentation of a new stimulus.