Explain the difference between risk and ambiguity how might


1. Why is it so difficult to determine if there really is a “tort crisis” in the United States?

2. Explain the difference between risk and ambiguity. How might decision making differ for a risky versus an ambiguous situation?

3. Why would any ordinary person invest in a market that they knew provided an advantage to others over themselves? Does it matter at all?

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Operation Management: Explain the difference between risk and ambiguity how might
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