In decision making under uncertainty,it is assumed that complete knowledge is available.

Name: In decision making under uncertainty,it is assumed that complete knowledge is available.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In decision making under uncertainty, complete knowledge is not available. There are risks and uncertainties that cannot be fully predicted or controlled. Therefore, decisions must be made based on incomplete information and probabilities.

In Decision Making Under Uncertainty,it Is Assumed That Complete Knowledge