For this discussion, find an example of a firm that faced uncertainty, took a risk, and dealt with the outcome. You may use a current event, or research a company to explain the following:
1.) What is your example, what’s the firm, the uncertainty, the choice, and the outcome?
2.) Did it go well or badly for the firm? How does the actual result compare to what seemed most likely?
3.) Apart from the actual outcome, did the central decision-maker make a good choice?
a. What information did they have?
b. What incentives did they have?
c. Did they act based on the information they had or they ignored it?
4.) What recommendations or lessons can you offer for future decision-makers facing a similar scenario? Explain.