For decision making with little uncertainty, where managers can estimate the probabilities of event, the most widely used decision rule is ________.
A. expected payoff
B. minimax regret
C. maximax
D. maximin
Answer:A
For decision making with little uncertainty, where managers can estimate the probabilities of event, the most widely used decision rule is ________.
A. expected payoff B. minimax regret C. maximax D. maximin