Contrast the three decision making conditions?

The three decision-making conditions are certainty, risk, and uncertainty. In a condition of certainty, the decision-maker has complete information and can predict outcomes accurately. In a risk condition, the decision-maker has some information and can estimate probabilities of different outcomes, allowing for informed choices. In uncertainty, the decision-maker lacks sufficient information about possible outcomes, making it difficult to evaluate options effectively, often leading to reliance on intuition or heuristics.