Which of the following is true of a state of uncertainty? a. The decision maker does not know all the alternatives. b. The decision maker knows about all the risks involved. c. The availability of each alternative is associated with probability estimates. d. There is a low degree of ambiguity and chances of making a bad decision.

Question

Social Studies

Guest

27 March, 13:28

Which of the following is true of a state of uncertainty? a. The decision maker does not know all the alternatives. b. The decision maker knows about all the risks involved. c. The availability of each alternative is associated with probability estimates. d. There is a low degree of ambiguity and chances of making a bad decision.

+4

Answers (1)

Know the Answer?

Armando Powers · Answer 1

A). The decision maker does not know all the alternatives.

Explanation:

'Uncertainty' is described as the situation in which the decision-maker has a lack of certain knowledge or possesses restricted knowledge that results in faulty conclusions, decisions, or observations.

As per the question, option A displays a statement that could be considered true of a condition of uncertainty as the 'decision-maker not being able to possess the adequate knowledge of the alternatives' and therefore, his knowledge is restricted that would end up in unauthentic prediction or epistemic situation that would neglect the efficacy of the previous judgment based on incomplete information. Therefore, option A is the correct answer.