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Articles tagged #decision criteria

2 articles

Choose Between Maximin and Maximax When Outcomes Are Uncertain

Compare maximin and maximax through an example, then weigh downside severity, business resilience, market opportunity, and time horizon before deciding.

Make Better Decisions by Comparing Risks and Returns Beyond Pros and Cons

Compare the size and likelihood of potential losses and gains, include the cost of inaction, and use small tests and clear criteria to make better decisions.