Which of the Following Is a Decision-Making Approach Used When

question 22

Multiple Choice

Which of the following is a decision-making approach used when the decision maker is optimistic about the future events and their outcomes,identifies the maximum payoff associated with each decision,and chooses the maximum of the maximum payoffs?

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

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Definitions:

Glutamate

A major excitatory neurotransmitter in the brain, involved in learning, memory, and neural communication.

Cognitive-behavioral Standpoint

A perspective in psychology that emphasizes the importance of thought processes and beliefs in influencing behavior and dealing with emotional difficulties.

Alzheimer's Disease

Alzheimer's disease is a progressive neurodegenerative disorder characterized by memory loss, cognitive decline, and personality changes.

Double Jeopardy

A legal principle that prohibits an individual from being tried twice for the same offense in a court of law.