Question

Which of the following best explains why the best decision alternative is the one with the highest preference probability? It is a result of applying the five Rules of Actional Thought It corresponds to the alternative with the lowest probability of a good outcome. This corresponds to the alternative with the highest probability of getting a good outcome. None of the Above

Answer 1

This best explains why the best decision alternative is the one with the highest preference probability:

This corresponds to the alternative with the highest probability of getting a good outcome.

Explanation:

In making a decision under probability, it is the decision maker's preference probability that sways the choice. For the decision maker, therefore, the probability of getting a good outcome is always the preferred probability. So, any alternative that yields a good outcome for the decision maker is always chosen. And this usually corresponds to the alternative with the highest preference probability.