The Decision Criterion, for a One-Time Decision Without Event Probabilities

question 39

Multiple Choice

The decision criterion, for a one-time decision without event probabilities, that is neither aggressive nor conservative is

• A)maximax
• B)maximin
• C)minimax regret
• D)expected value

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Definitions:

Initial Public Offering

The first time that the stock of a private company is offered to the public.

Secondary-market Transaction

The buying and selling of previously issued securities, such as stocks and bonds, among investors without involving the issuing companies.

Block Transactions

Large-scale securities trades on stock markets, usually involving at least 10,000 shares or bonds.

NYSE

The New York Stock Exchange, one of the world's largest stock exchanges by market capitalization, located in New York City.