The conditions under which decisions are made can be classified as certainty,risk,and uncertainty.

Certainty

The state of being without doubt or the confidence in a fact or outcome being true or guaranteed.

Risk

The potential for loss or harm associated with taking an action or a decision.

Uncertainty

The state of having limited knowledge or lacking information about an event, making its outcome unpredictable.

Contrast the various scenarios of decision-making (certainty, risk, uncertainty) and strategies (including brainstorming, reverse brainstorming).

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Varsha PatilOct 19, 2024

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Learning Objectives

Contrast the various scenarios of decision-making (certainty, risk, uncertainty) and strategies (including brainstorming, reverse brainstorming).