 Γ-maximin appears too pessimistic. We might instead use an EU-analogue of Hurwicz criterion: take a weighted average of the minimum expected utility and the maximum expected utility, with weight \(\alpha \in[0, 1]\) corresponding to a decision-maker’s level of pessimism (Hurwicz 1951b; Shackle 1952; Luce &amp; Raiffa 1957; Ellsberg 2001; Ghirardato et al. 2003):