Decision rules

Hello sir, I was making some notes with regard to an explanation of the maximax decision rule and I wanted some advice if the following explanation is correct. If not, let me know please…

The ‘maximax’ decision rule looks at the best possible outcome at each supply level and then selects the best one of these. It is often seen as the optimistic approach to decision-making (assuming the best outcome will occur) and is used by decision makers who are risk seeking.

Thanks.