Decision Theory

Quiz
•
Mathematics
•
University
•
Hard
Dr. Tandon
Used 73+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2. ------ table is also known as profit table
payoff
loss
cost
min
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3. -------is also known as Opportunity loss table.
Regret table
Profit table
cost table
min table
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
4. All possible outcomes that must be considered in the decision are ------
action
events
profit
loss
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
5. Decision maker has control over these actions,.
TRUE
FALSE
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
7..-------- criterion, is known as the criterion of optimism.
hurwicz criteria
maximin criteria
maximax criteria
minimax criteria
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
8. -----criterion, also known as the criterion of pessimism.
hurwicz criteria
maximin criteria
maximax criteria
minimax criteria
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
10..------- criteria assumes equal probability of each event
hurwicz criteria
maximin criteria
maximax criteria
laplace criteria
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