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What is the function of the decision alternative that maximax criterion selects? Maximizes the minimum payoff over all alternatives Maximizes the maximum payoff over all

What is the function of the decision alternative that maximax criterion selects?

  1. Maximizes the minimum payoff over all alternatives
  2. Maximizes the maximum payoff over all alternatives
  3. Minimizes the maximum payoff over all alternatives
  4. Minimizes the minimum payoff over all alternatives

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