Decision Analysis 2: EMV & EVPI - Expected Value & Perfect Information
In this tutorial, we discuss Decision Making With Probabilities (Decision Making under Risk). We calculate Expected Monetary Value (EMV) and Expected Value o...
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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
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Jun 5, 2015
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This video is tagged with the following topics. Click any tag to explore more related content and discover similar videos:
#EMV #EVPI #EOL #adms 3330 #bsta 320 #bsta 325 #itm 501 #EVwPI #EVwoPI #probability #ACCA #CAT #DECISION THEORY #payoff #outcome #alternatives #Expected Value Of Perfect Information #Operations Management (Field Of Study) #Decision Analysis #DMUR
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