Decision Making Under Uncertainty - Cntd.

• Strict uncertainty: We know nothing.

Will not study this here (but there are frameworks, e.g., competitive analysis)

• Strict risk: We know (e.g. lotteries, casino).

• Most real-life problems: somewhere in between

• The Bayesian method: Reduces the problem to strict risk and then refines the solution given additional evidence.

השקופית הקודמת

השקופית הבאה

חזור אל השקופית הראשונה

הצג גירסה גרפית