Question: 1. Give an example of a good decision that you made that resulted in a bad outcome. Also give an example of a bad decision that you made that had a good outcome. Why was each decision good or bad?
2. Describe what is involved in the decision-making process.
3. What is an alternative? What is an outcome?
4. Discuss the differences between decision making under certainty, decision making under risk, and decision making under uncertainty.