My dear participant, in this topic you are supposed to cover the following subtopic:
5.1. Decision making under uncertainty (Optimistic, Pessimistic,
Criterion of Realism (Hurwitz Criterion), equally likely (Lapse), minimax
regret).
5.2 Decision making under risk (Expected monetary value, expected value
of perfect information, expected opportunity loss,
5.3 Decision tree analysis (listing alternatives, state of nature,
probability value, financial outcome)
NOTES FOR DECISION ANALYSIS
ADDITIONAL NOTES
NOTES FOR DECISION ANALYSIS
ADDITIONAL NOTES
No comments:
Post a Comment