Material Detail

"Measuring Risk for Decision Analysis" icon

Measuring Risk for Decision Analysis

This JavaScript measures the risk associated with each action in decision analysis. Whenever the decision maker has some knowledge regarding the states of nature, decision maker must be able to assign subjective probability estimates for the occurrence of each state.


  • User Rating
  • Comments
  • Learning Exercises
  • Bookmark Collections
  • Course ePortfolios (2) Course ePortfolios
  • Accessibility Info

More about this material


Log in to participate in the discussions or sign up if you are not already a MERLOT member.