If a decision maker is a pessimist, what decision-making criterion is appropriate? Why?
What will be an ideal response?
Maximin assumes that the worst state of nature will happen. This decision making criterion selects the best of all possible worst outcomes.
Business
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Indicate whether the statement is true or false
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Which of the following makes negotiable instruments transferable to a third party?
A) an insurance B) an indorsement C) a bill of exchange D) a trade acceptance
Business