Concept
Decision-Making Under Uncertainty
The study of how agents choose among options when information is incomplete, outcomes are variable, and no single provably correct answer exists, in contrast to decision-making under conditions of certainty.
Decision-Making Under Uncertainty
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Transcript mentions
… for imperfect trust so you know we've evolved to effectively operate in decision- making under uncertainty as Herbert Simon called it and yet most of the actual design of procedures that we encounter are designed for effectively…
Concept
Decision-Making Under Uncertainty
The study of how agents choose among options when information is incomplete, outcomes are variable, and no single provably correct answer exists, in contrast to decision-making under conditions of certainty.
Related Frameworks1
Related Practices9
Ask about this concept
Transcript mentions
… for imperfect trust so you know we've evolved to effectively operate in decision- making under uncertainty as Herbert Simon called it and yet most of the actual design of procedures that we encounter are designed for effectively…