We must keep in mind when dealing with decision making under uncertainty that
there is a distinct difference between a good decision and a good outcome! In any decision
process, we weigh the information about an issue or outcome and choose among two or
more alternatives for subsequent action. The information affecting the issue is likely
incomplete or uncertain; hence, the outcomes are uncertain, irrespective of the decision
made or the alternative chosen. We can make a good decision, and the outcome can be
adverse. Alternatively, we can make a bad decision, and the outcome can be advantageous.
Such are the vagaries of uncertain events. But, in the long run, if we consistently make
good decisions, advantageous situations will occur more frequently than bad ones.