What is the role of an "objective function" in decision theory?
A) To determine the constraints
B) To optimize the output given certain criteria
C) To provide data input for a model
D) To identify the states of nature
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What is the role of an "objective function" in decision theory?
A) To determine the constraints
B) To optimize the output given certain criteria
C) To provide data input for a model
D) To identify the states of nature