This article addresses selected aspects of uncertainty in decision-making. It is meant for theoreticians and practitioners who deal with the optimization of decision-making process. The content is focused on the notion of uncertainty and such criteria of decision making in uncertainty conditions as: Wald’s pessimism, Hurwicz’s optimism, Savage’s regret, Szaniawski’s caution and Laplace’s equal likelihood. The paper presents the example of using some quantitative tools which support decision-making processes and when used competently may facilitate making optimal decisions.
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