5. Risk and uncertainty: Select one source of risk and uncertainty, and make the decision under risk using pay-off matric or decision tree procedure.
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The Five Sources of Uncertainty
Missing information. We can be uncertain because we are missing important information. ...
Unreliable information. We can be uncertain because we aren't able to trust the information, even if we have it. ...
Conflicting information. ...
Noisy information. ...
Confusing information.
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