Decision making

under certainty
Meaning Of Decision Making
 In this decision making
environment, If there is complete
certainty about future, and take the
best decision as there is only one state
of nature.
Definiation of decision
making under certainty
The process of, choosing an act or
strategy when the state of nature is completely
known, is called decision making under
certainty.
ILLUSTRATION.

 Let us suppose that a person has to travel from

one place, say, A to another place, say, B. He can
follow any one of the routes, R1, R2, R3,(say), with the
following pay off table
Acts State of future

Routes Fuel saving Time saving Enjoyment

(Liters) (Hours) (subjective rating)
(S1) (S2) (S3)

R1 5 0 6
R2 0 4 3
R3 8 2 1
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