In decision making under ________,there are several possible outcomes for each alternative,and the decision maker does not know the probabilities of the various outcomes.
A)risk
B)utility
C)certainty
D)probability
E)uncertainty

Question

Quizplus · Accepted Answer

In decision making under uncertainty, there is a lack of knowledge or information about the outcome probabilities. This type of decision making is common in situations where there is incomplete or unavailable data. Therefore, the best choice in this scenario is uncertainty (option E).

In Decision Making Under ________,There Are Several Possible Outcomes for Each