Making choices

1
Making choices

• Quantitative tools for making decisions under
  uncertainty
• Criterion expected monetary value
• Decision trees folding back the tree
• Influence diagrams
• Risk profiles of strategies show risk associated
  with a strategy probabilities of possible
  consequences
• Cumulative risk profiles
• Dominance
• Deterministic
• Stochastic
• Subjective ratings of consequences
• Decisions with multiple objectives