Statıstıcs Iı Deneme Sınavı Sorusu #1069320

Under this optimistic criterion, the decision maker calculates the best possible payoff for each decision alternative (among all possible states of nature, for that specific alternative), and then he/she chooses the decision that has the maximum best possible outcome. Which criterion is this?


Minimax

Maximin

Maximax

Minimin

Optimum


Yanıt Açıklaması:

It is the maximax criterion because the decision maker chooses the maximum payoff value for each alternative and selects the action which provides highest of these.

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