26 Decision Making under Uncertainty When minimizing an objective: Say cost. MiniMax - Choose the alternative which has the minimum of the maximum pos
{"Image DocumentName": "Decision Making under Uncertainty", "Image ImageDescription": "When minimizing an objective: Say cost. MiniMax - Choose the alternative which has the minimum of the maximum possible costs for each alternative. Conservative strategy. MiniMin - Choose the alternative with the least possible cost. Radical strategy. Average(Laplace) - Choose the alternative with the minimum average cost of any of the alternatives. Average cost may not be a good indicator. Some alternatives may have more risk than others. In that case, it is ok to choose a slightly costly alternative with low risk.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}