Question: In decision - making under uncertainty, what does the optimistic approach ( maximax ) focus on ? a . Choosing the decision with the lowest
In decisionmaking under uncertainty, what does the optimistic approach maximax focus ona Choosing the decision with the lowest costb Choosing the decision with the highest possible payoffc. Minimizing the maximum possible lossd. Maximizing the expected value
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
