Max Max
How to choose an alternative?
Idea: Extreme Optimism
- the opposite of Max Min Strategy
- Base your choice on the best situation that can happen
- and maximize the consequences in the best case
- $\max_{a \in A} \max_{e \in E} c(a, e)$
Example: Decision Under Uncertainty
| $c$ | $e_1$ | $e_2$ | $e_3$ | max | | $a_1$ | 40 | 70 | -20 | 70 | best case for $a_1$ || $a_2$ | -10 | 40 | 100 | 100 | best case for $a_2$ || $a_3$ | 20 | 40 | -5 | 40 | best case for $a_3$ || | | | max | 100 | $\to a_2$ |
Advantages and Disadvantages
Same as for Max Min Strategy
Downsides
- bad use of information
- no compensation between different consequences
Advantages:
- no need for rich scale, ordinal scale is enough