In decision making under ________,there are several possible outcomes for each alternative,and the decision maker knows the probability of occurrence of each outcome.
A)risk
B)utility
C)certainty
D)probability
E)uncertainty

Question

Quizplus · Accepted Answer

In decision making under risk, the decision maker is aware of the different possible outcomes and the probabilities associated with each outcome. Therefore, the decision maker can assess the risk associated with each possible alternative and make an informed decision based on their risk preference.

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