Risk and Uncertainty Analysis with Networks of Decisions
AbstractIn this paper an applied approach for analysing economic problems under risk and uncertainty based on networks of decisions (NODs) will be discussed. It can be shown that network of decision analysis can help to understand complex decision problems under risk and uncertainty in single case situations. A variety of decision criteria like expectation values and a special ANOVA can be used to get better knowledge about prediction and controllability of the decision problems.
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Bibliographic InfoPaper provided by European Association of Agricultural Economists in its series 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland with number 120536.
Date of creation: Sep 2011
Date of revision:
networks of decisions; decision criteria; variance analysis; prediction; control; Risk and Uncertainty;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-03-08 (All new papers)
- NEP-NET-2012-03-08 (Network Economics)
- NEP-UPT-2012-03-08 (Utility Models & Prospect Theory)
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