Master Decision Analysis: EMV & EVPI Explained 📊
Learn how to make smarter decisions using Expected Monetary Value (EMV) and Perfect Information (EVPI) in this comprehensive tutorial on decision analysis under risk.
Joshua Emmanuel
777.3K views • Jun 5, 2015
About this video
In this tutorial, we discuss Decision Making With Probabilities (Decision Making under Risk).
We calculate Expected Monetary Value (EMV) and Expected Value of Perfect Information (EVPI).
Other videos:
EMV and EVPI in Excel: https://youtu.be/WsHCbEAhSzU
Decision Analysis 1: Maximax, Maximin, Minimax Regret
https://www.youtube.com/watch?v=NQ-mYn9fPag
Decision Analysis 2: Equally Likely (Laplace) and Realism (Hurwicz)
https://www.youtube.com/watch?v=zlblUq9Dd14
Decision Analysis 4: Decision Trees 1
https://www.youtube.com/watch?v=ydvnVw80I_8
Decision Analysis 5: EVSI - Expected Value of Sample Information
https://www.youtube.com/watch?v=FUY07dvaUuE
Sensitivity Analysis in Decision Analysis: https://youtu.be/ybz5AAlyrLk
We calculate Expected Monetary Value (EMV) and Expected Value of Perfect Information (EVPI).
Other videos:
EMV and EVPI in Excel: https://youtu.be/WsHCbEAhSzU
Decision Analysis 1: Maximax, Maximin, Minimax Regret
https://www.youtube.com/watch?v=NQ-mYn9fPag
Decision Analysis 2: Equally Likely (Laplace) and Realism (Hurwicz)
https://www.youtube.com/watch?v=zlblUq9Dd14
Decision Analysis 4: Decision Trees 1
https://www.youtube.com/watch?v=ydvnVw80I_8
Decision Analysis 5: EVSI - Expected Value of Sample Information
https://www.youtube.com/watch?v=FUY07dvaUuE
Sensitivity Analysis in Decision Analysis: https://youtu.be/ybz5AAlyrLk
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Video Information
Views
777.3K
Likes
6.4K
Duration
3:48
Published
Jun 5, 2015
User Reviews
4.4
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