Someone did a paper on making decisions under risk. As part of that study, they did a survey. Here is one of the questions:
The managers were asked what they did when faced with a problem that involves risk, and they ranked the choices below; in this order:
(1) Collect more information
(2) Check different aspects of the problem
(3) Actively work on the problem to reduce the risk
(4) Delay the decision
(5) Avoid taking risks
(6) Delegate the decision
How would you rank these choices?
RISKVIEWS is puzzled by the question. Can you guess why? Answer tomorrow.