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Making Risky Decisions

Whenever the decision maker has some knowledge regarding the states of nature, he/she may be able to assign subjective probability estimates for the occurrence of each state. In such cases, the problem is classified as decision-making under risk.

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More about this material

Material Type:
Collection
Date Added to MERLOT:
October 25, 2002
Date Modified in MERLOT:
January 12, 2022
Author:
Unknown (Know the author?)
Submitter:
Barbra Bied Sperling
Hispanic Serving Institution
Primary Audience:
College General Ed, Graduate School, Professional
Technical Format:
Website
Mobile Compatibility:
Not specified at this time
Language:
English
Cost Involved:
No
Source Code Available:
No
Accessibility Information Available:
No
Creative Commons:
No

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