Develop a two-branches decision tree, starting with the single decision of having to travel home from a
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Develop a two-branches decision tree, starting with the single decision of having to travel home from a distance of 50 km. Use at least two chance nodes and two branches after these nodes. Express your values in money, rather than utilities. Calculate, by assigning your own judgmental probabilities, the expected values associated with each choice and select the best. Do you think that using money rather than utility would change your conclusion? Why and why not?
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Environmental And Health Risk Assessment And Management Principles And Practices
ISBN: 95813
2006th Edition
Authors: Paolo Ricci
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