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CHAPTER 19: Decision Analysis > KEY TERMS
KEY TERMS
decision alternatives
decision analysis
decision making under
certainty
decision making under risk
decision making under
uncertainty
decision table
decision trees
EMVer
expected monetary value
(EMV)
expected value of perfect
information
expected value of sample
information
Hurwicz criterion
maximax criterion
maximin criterion
minimax regret
opportunity loss table
payoffs
payoff table
risk avoider
risk taker
states of nature