youtor.org
Decision Analysis 11 Costs Optimistic Conservative Minimax Regret
#############################
Video Source: www.youtube.com/watch?v=ajkXzvVegBk
Decision Making Without Probabilities: Cost Example. • This brief video explains the components of the Payoff Table and the systematic approaches involved in making decisions under uncertainty: • Optimistic (Maximax) • Conservative (Maximin) • Minimax Regret • • Other videos: • Decision Analysis 1: Maximax, Maximin, Minimax Regret • • Decision Analysis 1: Maximax, Maximin... • Decision Analysis 2.1: Equally Likely (Laplace) and Realism (Hurwicz) • • Decision Analysis 1b: Equally Likely ... • Decision Analysis 2: EMV EVPI - Expected Value Perfect Information • • Decision Analysis 2: EMV EVPI - Exp... • Decision Analysis 3: Decision Trees 1 • • Decision Analysis 3: Decision Trees • Decision Analysis 4: EVSI - Expected Value of Sample Information • • Decision Analysis 4 (Tree): EVSI - Ex... • Decision Analysis 5: Posterior Probability Calculations • • Decision Analysis 5: Posterior (Revis... • Sensitivity Analysis in Decision Analysis: • Decision Analysis - Sensitivity Analy...
#############################
