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In order to make anoptimal decision with a decision tree: A.one must begin at time 0. B.one must ignore probabilities and focus on cash flows
In order to make anoptimal decision with a decision tree:
A.one must begin at time 0.
B.one must ignore probabilities and focus on cash flows only.
C.any path can be taken to get back to the beginning.
D.any path can be taken to get to the end.
E.one makes the more distant decisions first and works her way back to time 0.
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