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...

Joshua Emmanuel777.3K views3:48

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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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