Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

ACCA - PM > Risk and Uncertainty > Flashcards

Risk and Uncertainty Flashcards

1
Q

Which rule involves selecting the alternative that maximises the maximum pay-off achievable?

A

Maximax

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Which rule involves selecting the alternative that maximises the minimum pay-off achievable?

A

Minimax

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Which strategy minimises the maximum regret, e.g a sore loser?

A

Minmax regret

How well did you know this?
1
Not at all
2
3
4
5
Perfectly

ACCA - PM (10 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions