The risk of making the wrong decision is higher when the degree of uncertainty is ______.
A)high
B)low
C)constant
D)zero

Question

Quizplus · Accepted Answer

When the degree of uncertainty is high, there are more unknowns involved in the decision-making process, making it more difficult to accurately assess the potential outcomes of each choice. This increases the risk of making the wrong decision. Conversely, when the degree of uncertainty is low, there is more information available to make a well-informed decision, decreasing the risk of making a poor choice.

The Risk of Making the Wrong Decision Is Higher When