Assumption is a statement – accepted as true without concrete evidence to support it. Assumptions are used in a variety of situations to plan – and make decisions – in the face of uncertainty. Credible assumptions are reliable – often based on the experience of a person/organization. Decisions are made on predictions of the future, so some assumptions are required. We all make assumptions before making any decisions. Example: What […]
What is the Role of Assumptions in Decision-Making? Read More »