What is Maxi-Max Criterion
Answers
Answered by
6
Hey.!!
➖It is the option in a set of choices that maximizes the potential gain irrespective of risk. In this it is assumed that whatever action is taken , the best will happen .➖
➖It is the option in a set of choices that maximizes the potential gain irrespective of risk. In this it is assumed that whatever action is taken , the best will happen .➖
Answered by
2
hii here is ur answer mate______________
● In decisions theory, the optimistic ( aggressive) decisions making rule under condition of uncertainty .
in state that decision maker should select the course of action whome best ( maximum) gain is better than the best gain of all other courses of action possible in gain circumstances .see also maximin criterion.
dear☺
i hope its helpful.
Thanks ✌
● In decisions theory, the optimistic ( aggressive) decisions making rule under condition of uncertainty .
in state that decision maker should select the course of action whome best ( maximum) gain is better than the best gain of all other courses of action possible in gain circumstances .see also maximin criterion.
dear☺
i hope its helpful.
Thanks ✌
Similar questions
Business Studies,
8 months ago
Math,
8 months ago
Geography,
1 year ago
Physics,
1 year ago
Biology,
1 year ago