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give an examples of a decisions made under uncertainty
give an examples of a decisions made under uncertainty
Solution
Let's take am example of floods. During floods, a lot of panic is caused and there's an
environment of uncertainty among the victims which leads to uncertain decision making. Some
people flee from home and take only their important documaents with them while stay at the
higher ground and see whether the flood worsens or not and the decide their next approach.

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give an examples of a decisions made under uncertainty give a.pdf

  • 1. give an examples of a decisions made under uncertainty give an examples of a decisions made under uncertainty Solution Let's take am example of floods. During floods, a lot of panic is caused and there's an environment of uncertainty among the victims which leads to uncertain decision making. Some people flee from home and take only their important documaents with them while stay at the higher ground and see whether the flood worsens or not and the decide their next approach.