Which decision making under uncertainty

  • What is an example of decision making under certainty?

    One way an agent would be in a decision situation under certainty is if the agent to has full control over the required state.
    For example, once an agent decides to take a trip by car rather than by plane or train, having a reliable car becomes part of the required state..

  • 5 tips for making decisions in uncertain situations

    Have a vision of what you wish to achieve, rather than comparing alternatives. Form a group within which dissenting voices can make themselves heard. Act rapidly. Do not wait for more information before taking action. Create options and boost reversibility.
In general, decision making under uncertainty or risk is a situation where choosing an option can lead to several mutually exclusive outcomes and the decision maker cannot know beforehand which of these possible outcomes will in fact be the result of his or her choice.

How to design strategic plans under deep uncertainty?

Decision Making under Deep Uncertainty:

  1. From Theory to Practice is divided into four parts

Part I presents five approaches for designing strategic plans under deep uncertainty:Robust Decision Making, Dynamic Adaptive Planning, Dynamic Adaptive Policy Pathways, Info-Gap Decision Theory, and Engineering Options Analysis.

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