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Decision Making Under Uncertainty

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Material Type: Collection
Technical Format: Javascript
Date Added to MERLOT: October 25, 2002
Date Modified in MERLOT: August 27, 2005
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Author:
  Send email to Dr. Hossein Arsham 

Submitter : Dr. Hossein Arsham

Description:
In decision-making under pure uncertainty, the decision-maker has no knowledge regarding any of the states of nature outcomes, and/or it is costly to obtain the needed information. In such cases, the decision-making depends merely on the decision-maker's personality type.

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More information about this material:
Primary Audience: College General Ed, Graduate School, Professional
Mobile Compatibility: Not specified at this time
Language: English
Cost Involved: no
Source Code Available: yes
Accessiblity Information Available: no
Copyright: yes
Creative Commons: unsure

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