Question: 6) What is the difference between an optimistic approach and a pessimistic approach to decision making under assumed uncertainty? Optimistic approach assumes the best possible

6) What is the difference between an optimistic approach and a pessimistic approach to decision making under assumed uncertainty? Optimistic approach assumes the best possible outcome of each alternative and selects the best of the best. The pessimistic approach assumes the worse possible situation and selects the worst of these

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