The Difference Between "Risk" and "Uncertainty" in Decision Analysis Alludes

question 2

Multiple Choice

The difference between "risk" and "uncertainty" in decision analysis alludes to the difference between:

• A)knowledge and uncertainty.
• B)pessimism and optimism.
• C)known and unknown probabilities.
• D)aggression and conservatism.

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Definitions:

Duress

A situation where a person is forced or coerced into acting against their will through threats, pressure, or intimidation.

Objective Intent

refers to the outward manifestation of a party's intention as it appears to others, used in legal contexts to determine contractual obligations.

Subjective Intent

An individual's personal, internal intentions or motivations, as opposed to how their actions might be viewed by others.

Represented

The act of having someone speak, act, or make decisions on behalf of another person or entity.