Question: Determining the worst payoff for each alternative and choosing the alternative with the best worst is the approach called: Question 1 options: 1 ) Minimin

Determining the worst payoff for each alternative and choosing the alternative with the "best worst" is the approach called:
Question 1 options:
1)
Minimin
2)
Maximin
3)
Maximax
4)
Minimax regret
5)
Laplace

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