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Answer the following question about probability: What does base set represent for decision making under uncertainty?

Answer the following question about probability:

What does base set represent for decision making under uncertainty?

Math   Statistics-And-Probability   
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Answer #1

Decision making under uncertainty is regarded as the cognitive process resulting in the selection of a belief or a course of action among several alternative possibilities. Decision making is the process of identifying and choosing alternatives based on the values, preferences and beliefs of the decision-maker. Every decision making process produces a final choice, which may or may not prompt action.

A major part of decision making under uncertainty involves the analysis of a finite set of alternatives described in terms of evaluative criteria.

This set of alternatives is represented by the base set

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