Criterion of Realism (Hurwicz) Decision Rule
www.shsu.edu › law001 › siteThe Criterion of Realism decision rule is an attempt to make a tradeoff between complete risk indifference (as in the Maximax rule), and total risk aversion (as in the Maximin rule). With this procedure, the decision maker will decisde how much emphasis to put on each extreme. Tod do this, he must choose a Coefficient of Realism, called alpha (α), which is a decimal number between 0 and 1. This number provides the emphais on the optimistic view.
Criteria of truth - Wikipedia
https://en.wikipedia.org/wiki/Criteria_of_truthFirst-hand observation determines the truth or falsity of a given statement. Naïve Realism is an insufficient criterion of truth. A host of natural phenomena are demonstrably true, but not observable by the unaided sense. For example, Naïve Realism would deny the existence of sounds beyond the range of human hearing and the existence of x-rays.