The document discusses decision analysis and decision making under uncertainty. It outlines six steps for decision making: 1) define the problem, 2) list alternatives, 3) identify outcomes, 4) list payoffs, 5) select a decision model, and 6) apply the model. Several decision models are described, including maximax, maximin, criterion of realism, equally likely, and minimax regret. Expected monetary value is discussed as a method for decision making under risk. The concept of expected value of perfect information is also introduced.