Which of the following is a compromise between the maximax (optimistic) and maximin (Pessimistic) decision criteria.
Bayes Criterion
Savage Criterion
Maximin Criterion
—>> Hurwicz Criterion
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Which of the following is a compromise between the maximax (optimistic) and maximin (Pessimistic) decision criteria.
Bayes Criterion
Savage Criterion
Maximin Criterion
—>> Hurwicz Criterion