Describe a situation (one each) in your life where you made decisions: a. Under certainty b....
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Describe a situation (one each) in your life where you made decisions: a. Under certainty b. Under uncertainty c. Under risk d. What criteria (optimistic, pessimistic, Wurwicz, Laplace, Minimax regret) would be best for the scenario (b)? Post your answer in the "Lesson 3 discussion", too. Comment on one (or more) discussion post of another student discussing whether you agree with the choice of criteria or not. Describe a situation (one each) in your life where you made decisions: a. Under certainty b. Under uncertainty c. Under risk d. What criteria (optimistic, pessimistic, Wurwicz, Laplace, Minimax regret) would be best for the scenario (b)? Post your answer in the "Lesson 3 discussion", too. Comment on one (or more) discussion post of another student discussing whether you agree with the choice of criteria or not.
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Answers 1 Decision making is a process of identifying problems and opportunities and choosing the best option among alternative courses of action for ... View the full answer
Related Book For
Entrepreneurship Successfully Launching New Ventures
ISBN: 978-0133797190
5th edition
Authors: Bruce R. Barringer, R. Duane Ireland
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