Question

In decision making under ________, there are several possible outcomes for each alternative, and the decision maker does not know the probabilities of the various outcomes. risk utility certainty probability uncertainty

Answer 1

Answer:

The correct answer is - Uncertainty.

Explanation:

Uncertainty in the decision making  can lead various and different possible outcomes that can be alternative as there is no sense of possible outcome before making decision.

It is the situation that arise due to unavailability of the information about the consequences of a particular decision and there is fair chances of any type of the outcome to arise.

Thus, the correct answer is - uncertainty.