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CIMA Exam CIMAPRO19-P01-1 Topic 7 Question 101 Discussion

Actual exam question for CIMA's CIMAPRO19-P01-1 exam
Question #: 101
Topic #: 7
[All CIMAPRO19-P01-1 Questions]

A decision maker that makes decisions using the minimax regret criterion would be classified as:

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Suggested Answer: A

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by Edda at Sep 18, 2024, 04:00 PM

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Kimi
3 months ago
I'm going with C) Risk neutral. Minimax regret is all about playing it safe, not about taking big risks. Though I do like the idea of 'risk spreading' - maybe they should call it the 'don't put all your eggs in one basket' criterion.
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Adela
3 months ago
B) Risk seeking? Really? I don't see how trying to minimize your maximum regret is the same as being a risk-taker. That's a bit of a stretch.
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Shawn
2 months ago
D) Risk spreading
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Karma
2 months ago
C) Risk neutral
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Adela
3 months ago
A) Risk averse
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Audra
4 months ago
D) Risk spreading? That's an interesting one. I wonder if the minimax regret method could be considered a form of risk diversification.
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Elenore
2 months ago
That makes sense. It's all about making decisions that minimize potential losses.
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Dorothy
2 months ago
It's possible, since the minimax regret criterion aims to minimize the maximum regret.
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Dannie
3 months ago
I think it could be a form of risk diversification.
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Wilson
3 months ago
D) Risk spreading
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Aleisha
3 months ago
C) Risk neutral
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Hershel
3 months ago
B) Risk seeking
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Agustin
3 months ago
A) Risk averse
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Felton
4 months ago
That makes sense, they are not necessarily seeking risk but trying to avoid regret. So, risk neutral could be the right answer.
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Rolande
4 months ago
I disagree, I believe they would be risk neutral because they are trying to minimize their maximum regret.
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Merilyn
4 months ago
C) Risk neutral, definitely. The minimax regret approach doesn't seem to have a preference for risk, it's just trying to make the safest choice.
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Hillary
3 months ago
B) Risk seeking
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Antonio
3 months ago
C) Risk neutral
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Goldie
3 months ago
A) Risk averse
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Felton
4 months ago
I think a decision maker using minimax regret criterion would be risk averse.
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Diane
4 months ago
I think the answer is A) Risk averse. The minimax regret criterion is all about minimizing the maximum potential regret, which seems pretty risk-averse to me.
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Eladia
4 months ago
Yeah, I think A) Risk averse is the best choice here. It's all about playing it safe.
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Stephaine
4 months ago
I agree, A) Risk averse makes sense. Minimizing regret is definitely a cautious approach.
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