Question: Q3: A decision maker who uses the maximin criterion when solving a problem under conditions of uncertainty is: a. a pessimist. b. making a serious

Q3:

A decision maker who uses the maximin criterion when solving a problem under conditions of uncertainty is:

a.

a pessimist.

b.

making a serious mistake; maximin is not appropriate for conditions of uncertainty

c.

an economist.

d.

an optimist.

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