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In decision theory, which criterion assumes the decision-maker is pessimistic?

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Decision criteria: \[ \boxed{ \begin{aligned} \text{Maximax} &\rightarrow \text{Optimistic} \text{Maximin} &\rightarrow \text{Pessimistic} \text{Minimax Regret} &\rightarrow \text{Minimum regret} \end{aligned} } \]

Updated On: Jul 14, 2026

Maximax criterion
Minimax regret criterion
Maximin criterion
Expected value criterion

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The Correct Option is C

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The Correct Option is C

Solution and Explanation

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