Asked by
Michelle Reyes
on Oct 26, 2024
Verified
Which of the following decisions is chosen in a minimax strategy?
A) the decision corresponding to the maximum value of the largest cost
B) the decision corresponding to the maximum value of the smallest cost
C) the decision corresponding to the minimum value of the smallest cost
D) the decision corresponding to the minimum value of the largest cost
Minimax Strategy
A decision-making strategy, especially in game theory, aiming to minimize the possible loss for a worst case (maximum loss) scenario.
Largest Cost
Refers to the highest expense in either a specific project or operation typically identified to assess and reduce financial outlays.
- Gain insight into and articulate assorted tactics for decision-making in situations of uncertainty and risk.
Verified Answer
NS
Learning Objectives
- Gain insight into and articulate assorted tactics for decision-making in situations of uncertainty and risk.
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