Question: Explain the following decision making terms.Use examples other than those available in the course textbook, and make sure you read and respond to the postings

Explain the following decision making terms.Use examples other than those available in the course textbook, and make sure you read and respond to the postings of other students.

1)Bounded rationality

2)Sub-optimization

3)Expected value of perfect information

4)Minimax regret approach to decision making

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