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About Chapter 6: Decision Theory: Decision Theory Problems Are Categorized by The Following
The document discusses decision theory and decision making under conditions of certainty, uncertainty, and risk. It provides examples to illustrate different decision making approaches including: 1) Maximin - Choose the alternative with the best worst payoff 2) Maximax - Choose the alternative with the best payoff 3) Laplace - Choose the alternative with the highest average payoff 4) Minimax regret - Choose the alternative with the least regret
Detailed Information
| Author: | ['Aliah Romero'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 13 |
| Language: | English |
| Format: | |
| Price: | FREE |
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