Topic 1 - Introduction

________ is a choice made between alternative courses of action in a situation of uncertainty.

• Decision Making

• Decision

• Theory

• Decision Theory

The process in decision making is cognitive which involve ....

• awareness

• perception

• reasoning

• judgement

The second process in the development of theory is _________.

• observation

• experiment

• prediction

• theory

Decision theory is about making a _______ choice from a set of possible actions.

• optimal

• maximum

• real

• rational

Which are the examples of theoretical question?

• What should I eat for my lunch?

• What do you think about the dress?

• Why the shape is like that?

• Should I go out or not?

"A structured problem can be described by existing classic mathematical models, such as linear programming and statistic methods".

• Correct

• Wrong

"Non-programmed decision is a decision that is recurring and generate unique responses".

• Correct

• Wrong

__________ analysis is to develop models for optimal decision making which have logically, rationally and morally compelling properties.

• Descriptive decision theory

• Prescriptive decision theory

• Normative decision theory

__________ takes into account emotional, motivational, and other non rational effects.

• Descriptive decision theory

• Prescriptive decision theory

• Normative decision theory

Looks at the highest outcome among the minimum outcomes.

• opportunist

• pessimist

• realist

• optimist