Perfect information An individual with perfect information knows before the decision that a state of nature is going to happen, the best choice would be the maximum of each state of nature (each row e… more →
Carkod's workplacecarkod wrote 1 year ago: The decision problem Usually we have to choose an alternative among others, the act of deciding may … more →
carkod wrote 1 year ago: Decision criteria Choosing something is just like a lottery, but to make it less random, we should f … more →
carkod wrote 1 year ago: Decision tree Another method to depict the sequence of a decision is the decision tree. Where square … more →
carkod wrote 1 year ago: Perfect information An individual with perfect information knows before the decision that a state of … more →