Artificial Intelligence Programming Practice Exam

Which decision-making approach explicitly seeks to find the best available option?

1. Optimal decision-making

2. Satisficing

3. Decision Theory

4. Game Theory

The correct answer is: Optimal decision-making

The concept of optimal decision-making revolves around identifying the most advantageous choice from a set of alternatives. This approach is underpinned by the idea that decision-makers have access to all necessary information and can evaluate potential outcomes systematically to determine which option yields the highest benefits or lowest costs. In contrast, other approaches may prioritize finding a satisfactory option that meets basic criteria rather than exhaustively seeking the absolute best choice. For instance, the satisficing approach involves settling for an option that is good enough rather than the best, which can be practical in scenarios where time or resources are limited. Decision Theory encompasses a broader framework for making decisions, integrating various methods and criteria, but it does not exclusively aim for the optimal option in every situation. Game Theory focuses on strategic interactions among rational decision-makers, analyzing how choices are made in competitive environments, rather than selecting a single best option. Thus, optimal decision-making is distinct in its explicit pursuit of the best possible alternative, making it the appropriate answer to the question posed.