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Conditions of uncertainty exist when the future environment is unpredictable

Conditions of uncertainty exist when the future environment is unpredictable

Conditions of uncertainty exist when the future environment is unpredictable and everything is in a state of flux. The decision-maker is not aware of all alternatives, the risks associated with each, or the consequences of each alternative, or their probabilities. There are different approaches to decisionmaking under uncertainty. Which approach to decision-making under conditions of uncertainty believes that individual attitudes towards risk vary with events, with people and positions?


[A]Risk analysis


[B]Risk communication


[C]Decision trees


[D]Utility theory

Liam Smith 06-Dec-2017

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