In Part 1 of this series, we looked at the two relevant dimensions for decision-making under certainty, risk, and uncertainty that form the certainty-uncertainty spectrum are:
Degree of certainty – It ranges from close to certainty to far from certainty.
Level of predictability and control – It moves from close to predictability and control to far from predictability and control.
In Part 1 of this series, we looked at the two relevant dimensions for decision-making under certainty, risk, and uncertainty that form the certainty-uncertainty spectrum are: