Q64
The decision criterion in which a decision maker selects an alternative that maximises H (criterion of realism) = [a × (maximum in column)] + [(1- a) × (minimum in column)] is called
A.
Laplace criterion
B.
Hurwicz criterion
AnswerC.
Wald's criterion
D.
Bayesian criterion
Answer: Option B
Solution
Answer: Option B
No explanation is given for this question Let's Discuss on Board