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The criterion of optimism, also known as the maximax criterion, is a decision-making approach used under conditions of uncertainty in managerial applications. It assumes that a manager is optimistic and focuses on selecting the alternative that offers the maximum possible payoff. In quantitative analysis for managerial applications, this criterion is particularly useful when the decision-maker is willing to _______ __________ _____ ______ __________ _________ ____.
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