List I | List II | ||
A. | Laplace Principle | I. | View point falls between extreme pessimism and extreme optimism. |
B. | Savage B. II. Principle | II. | Uncertain about events then treat them equally probable. |
C. | Hurwitz principle | III. | Choosing the best option from set of worst options. |
D. | Maximin principle | IV. | Selecting course of action that minimizes the maximum regret. |