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    golfgirl22's Avatar
    golfgirl22 Posts: 2, Reputation: 1
    New Member
     
    #1

    May 7, 2012, 04:42 PM
    Micro
    In business there is a distinction between the wrong decision and the wrong outcome. What does this mean, and under what circumstances does this occur? Your explanation should include a description on how market type creates this problem.. (game theory? )
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    May 7, 2012, 04:44 PM
    You need to think of why there would be a wrong decision and or wrong outcome. Like receiving faulty information, or not enough information.

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