2024 – Chapter 3 presents three types of decision making environments Give a practical real world example

Applied Decision Method – 2024

Chapter 3 presents three types of decision-making environments. Give a practical, real-world example of decisions from each environment that you have been involved with (if you have no experience in these areas, try to imagine the decision-making environments and propose examples of each).

 Certainty, Uncertainty and risk are the 3 decision environment                 

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