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.

'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.

ayfat23 ayfat23 · Answer 2 · 2021-12-03T13:05:44+01:00

Statement that express true of a state of uncertainty is A: The decision maker does not know all the alternatives.

State of uncertainty can be regarded as been in a state of doubt, it is when the decision maker doesn't have all necessary information to make the decision.

Decision making requires thorough consideration of alternative, in a case whereby the decision maker cannot access this alternative then we can say he is in a state if uncertainty.

Therefore option A is correct.

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