An analytic and systematic approach to the study of decision making is referred to as
A)decision making under risk.
B)decision making under uncertainty.
C)decision theory.
D)decision analysis.
E)decision making under certainty.

Question

Quizplus · Accepted Answer

Decision theory is the analytic and systematic approach to the study of decision making, encompassing various conditions such as risk, uncertainty, and certainty.

An Analytic and Systematic Approach to the Study of Decision