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When the probabilities are not known, the other methods of decision making can be based on optimistic, pessimistic, opportunistic or decision making criteria. The overall
When the probabilities are not known, the other methods of decision making can be based on optimistic, pessimistic, opportunistic or decision making criteria.
The overall impact of different situations is presented by EMV, which can be used to compare this decision alternative with other decision alternatives which have other values. The EMV is a relative measure of preferability among alternatives.
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