During the fallout of the global financial crisis of 2008, governments had to make important decisions in a highly ambiguous environment. The decision to buy out failed banks could best be described as what type of decision
A) Bounded
B) Programmed
C) Conventional
D) Wicked decision problem
E) Irrational decision

Question

Quizplus · Accepted Answer

The decision to buy out failed banks during the global financial crisis can be classified as a wicked decision problem because it was complex, multi-faceted, and had significant long-term implications. The situation was highly ambiguous, and there was no clear right or wrong answer. The decision had to be made under conditions of uncertainty and incomplete information, which made it difficult to evaluate the potential consequences of different options. Therefore, it required a creative and strategic approach to generate and weigh alternative solutions that could lead to the best possible outcomes.

During the Fallout of the Global Financial Crisis of 2008