Abstract
Decision-making in conditions of uncertainty is an integral part of human activity. The complexity of decision-making depends on the possible results and the degree of their confidence. In some cases, a person can evaluate the result more accurately than the probability of making a decision. In such situations, we discuss how uncertain the solutions can be. It is often impossible to estimate the probability of a certain outcome, since the external conditions for decisionmaking are unknown. Uncertainty can be caused by a number of factors, including the economic situation in different countries, inflation, exchange rates, market conditions, political situation, weather, natural disasters, etc. In such cases, decision-making is associated with the probability of uncertainty. In this case, game theory and gametheoretic modeling can be an effective tool.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
