Risk and Uncertainty Analysis with Networks of Decisions

In this paper an applied approach for analysing economic problems under risk and uncertainty based on networks of decisions (NODs) will be discussed. It can be shown that network of decision analysis can help to understand complex decision problems under risk and uncertainty in single case situations. A variety of decision criteria like expectation values and a special ANOVA can be used to get better knowledge about prediction and controllability of the decision problems.


Issue Date:
2011-09
Publication Type:
Presentation
PURL Identifier:
http://purl.umn.edu/120536
Total Pages:
3




 Record created 2017-04-01, last modified 2017-04-04

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