Knowledge-based decision making

Hey there kiddo! Today, we are going to talk about "knowledge-based decision making".

So, whenever you have to make a decision, you need to have some information or knowledge about the thing you are deciding on. It's like deciding which toy to play with or which color to paint with. You need to have some knowledge about the toys you have or the colors you can choose from.

The same goes for grown-ups who make decisions in their work or personal life. They need to have some knowledge about the things they are deciding on. This knowledge could come from different sources like books, internet, people, or their own experience.

So, when someone makes a decision based on the knowledge they have, it is called "knowledge-based decision making". It means they have used their understanding of the thing they are deciding on to choose the best option or course of action.

For example, imagine you want to bake a cake. You know you need flour, eggs, sugar, and butter to make it. If you have the knowledge that adding baking powder will make the cake fluffy, you might decide to add it, and this decision is based on your knowledge.

In summary, knowledge-based decision making is when a person uses their understanding of a topic or situation to make the best decision possible.