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Cognitive psychology: How do we make decisions during conditions of uncertainty? Explain with examples.

Cognitive psychology: How do we make decisions during conditions of uncertainty? Explain with examples.

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Answer #1

Due to complex society and environment lots of the decision are made under the conditions of uncertainty.

Uncertainty state presents when unpredictable future environment is present and situations are in the flux state.

Decision maker is not aware of alternatives , consequences & risks linked to them.

This happens due to unavailability or insufficiency of information.

There are modern approaches to assist & enhance the quality of decision making if uncertainty condition arrives.

• Analysis of risk

• Decision trees

• preference theory.

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