Specify whether the following statement is True or False?

1)The maximin criterion is an approach in Optimization under uncertainty which finds a solution with the best worst possible payoff.

2)Decision tree is a method to solve any optimization problem when the outcomes are subject to uncertainty.

3) A risk profile represents the probability distribution of uncertain inputs.

4)In linear optimization, the shadow price is the change in the optimal value when some coefficient in the objective function changes by 1 unit