The Decision Rule in Decision Making Under Uncertainty Most Appropriate

question 80

Multiple Choice

The decision rule in decision making under uncertainty most appropriate for the pessimistic manager would be:

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

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Definitions:

Collectivistic Culture

A societal framework where individuals prioritize the needs and goals of the group over their own personal needs and desires.

Personal Goals

Individual objectives and ambitions that a person aims to achieve, which can be short-term or long-term.

Social Obligations

The responsibilities or duties one has to other individuals or groups in society.

Dispositional Attribution

Dispositional Attribution involves attributing a person's behavior to their internal qualities or traits, rather than to external factors or situations.