Final answer:
When a decision maker requires a higher payoff for a specific utility, they are taking a risk-seeking decision-making stance.
Step-by-step explanation:
The decision-making stance being taken when a decision maker requires a higher payoff for a specific utility is a. Risk-seeking. When someone is risk-seeking, they are willing to take on more risk to potentially gain a higher payoff. On the other hand, risk-averse individuals prefer lower risk and are more concerned with minimizing potential losses. Minimax regret is a decision-making strategy where the decision-maker minimizes the maximum regret they may experience. Expected value refers to the average value of an outcome weighted by its probability.