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Decisions’ basic factors during decision making are interdependent, which reflects the features of the decision making they generate. Economic decisions in certainty conditions are characterized by maximum probability to accomplish pursued goals using the predicted ways. The elements involved...
Persistent link: https://www.econbiz.de/10008560105
Uncertainty means partially or totally knowing the probabilities to accomplish an action’s potential results.
Persistent link: https://www.econbiz.de/10008490475
”Decision making always and necessarily implies human actions, which, when facing an external event (information) must identify the event’s future status and set up the potential action ways leading to suggested goal accomplishment”
Persistent link: https://www.econbiz.de/10008544702