An Individual Making a "Maximin" Choice Has What Type of Psychological

question 38

Multiple Choice

An individual making a "maximin" choice has what type of psychological orientation toward uncertain decision-making?

• A) optimist
• B) realist
• C) pessimist
• D) opportunist
• E) rationalist

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Definitions:

Automation

The technology by which a process or procedure is performed with minimal human assistance, often used in manufacturing, computing, and various services.

Capital Pooling

The practice of collecting funds from multiple investors to invest in projects too large or risky for a single investor to undertake alone.

Manufacturing Regions

Areas specifically known for their high concentration of industrial activity, often characterized by the presence of factories, production facilities, and labor resources focused on manufacturing goods.

Northern Europe

A geographical region in Europe, typically including countries such as Denmark, Finland, Iceland, Norway, Sweden, and sometimes the British Isles, known for its cold climate and advanced social welfare systems.