2
Concluding part of a larger process that also includes problem finding and problem shaping.
3
The decision maker relies on their own information, knowledge, experience and judgment.
4
Choices that will maximize benefits to decision makers and minimize any costs.
5
They are used when a decision needs to be made between at least two alternatives.
6
They are used when there is a degree of uncertainty about the outcomes of a decision.
8
It deals with possible outcomes that are unknown.
9
People who simply try to find a solution that is "good enough".
10
Limited by the information that individuals have, their cognitive limitations and the finite amount of time to make a decision.
11
Cognitive style that allows people to try to make an optimal decision.
12
Final step of formal decision methods, which may help the decision makers create a repertoire of past outcomes that can then be used to make wiser decisions in the future.
13
It's where a decision is made and its value is identified.
15
Certain type of uncertainty involving a real probability of loss for a given outcome.
