Decision Table

Maximax • Maximin • Laplace • Hurwicz • Savage-Niehans • Expected value

Define Matrix


Hurwicz Optimism Index Ξ±

Ξ± = 1: fully optimistic (= Maximax)  |  Ξ± = 0: fully pessimistic (= Maximin)  |  typical: Ξ± = 0.3–0.7
Ξ± = 0,50