This discussion supports advanced learning in Decision Making. This discussion i
This discussion supports advanced learning in Decision Making. This discussion is strictly extra credit and not required. It will close on February 4th. The reading for this extra credit is Chapter 5 Supplemental.
What information does a decision maker need in order to perform an expected-value analysis of a problem? What options are available to the decision maker if the probabilities of the states of nature are unknown? Can you think of a way you might use sensitivity analysis in such a case?
Post your 500 word maximum answer.
Use academic writing standards and APA style guidelines.