Evaluate decision model using minimax regret

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Reference no: EM131715935

1. Which decision trap are we trying to avoid when we evaluate a decision model using minimax regret? Choose the best answer.

Framing

Anchoring

Sunk Cost

Confirming Evidence

None of the answers on this list is true.

2. The Delphi method is similar to mimimax regret.

True

False

Reference no: EM131715935

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