Question: Please advise whether option D is correct and briefly explain. Thank You. Which of the following statements about decision analysis is FALSE? Expected value is

Please advise whether option D is correct and briefly explain. Thank You.

Which of the following statements about decision analysis is FALSE? Expected value is a criterion for decision making under risk Laplace criterion assumes that the probability of all events is the same Wald's maximin criterion is pessimistic Decision trees are a method for finding the sequence of most optimistic decisions

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