Decisions made under uncertainty are the most realistic and common.

Question

Quizplus · Accepted Answer

Uncertainty is a common feature in real-world scenarios and decision-making under uncertainty is a common requirement. In situations where there are multiple possible outcomes and the likelihood of each outcome is uncertain, decision-makers often have to weigh the potential risks and benefits of different options and choose a course of action based on their best estimate of the most favorable outcome. Therefore, decisions made under uncertainty are the most realistic and common in practical situations.

Decisions Made Under Uncertainty Are the Most Realistic and Common