Hurwicz Studienführer, Klassennotizen & Zusammenfassungen

The summary contains all chapters of the course Quantitative Decision making. I paid attention to all lecture slides, the workshops and the book. Received a 7.4 as a grade but I didnt study well and focused more on Operations Management.

In this course, the concept of Nash equilibrium, along with its refinements, will be discussed to track down the different forms of interactive decision problem. Some game-theoretic tools such as backward induction and Bayesian rationality will be introduced to explain the intuition behind some real-life situations in the fields of social science.

These notes are well detailed and include illustrations to help you understand. It includes questions and answers to assist in your revision. CONTENTS: - Decision process - Decision making environment - deterministic situation (certainty), analytical hierarchical approach (AHA), risk and uncertainty, stochastic situations (risk), situations of uncertainty - Decision making under uncertainty - maximin, maximax, minimax regret, Hurwicz decision rule, Laplace decision rule - Decision making un...

MAT540 Homework Week 2 Page 1 of 4 MAT540 Week 2 Homework Chapter 12 1. A local real estate investor in Orlando is considering three alternative investments; a motel, a restaurant, or a theater. Profits from the motel or restaurant will be affected by the availability of gasoline and the number of tourists; profits from the theater will be relatively stable under any conditions. The following payoff table shows the profit or loss that could result from each investment: Investment Weathe...

MAT 540 Week 2 Homework Chapter 12 (New Data) 1. A local real estate investor in Orlando is considering three alternative investments: a motel, a restaurant, or a theater. Profits from the motel or restaurant will be affected by the availability of gasoline and the number of tourists; profits from the theater will be relatively stable under any conditions. The following payoff table shows the profit or loss that could result from each investment: Gasoline Availability Investment Shortage Stable...

(2022/2023) MAT 540 Week 2 Homework Chapter 12 (New Data) 1. A local real estate investor in Orlando is considering three alternative investments: a motel, a restaurant, or a theater. Profits from the motel or restaurant will be affected by the availability of gasoline and the number of tourists; profits from the theater will be relatively stable under any conditions. The following payoff table shows the profit or loss that could result from each investment: Gasoline Availability Investment ...

Sehr kompakte und verständliche Zusammenfassung zum Thema der Entscheidungstheorie.

Question 1 1. If two events are not mutually exclusive, then P(A or B) = P(A) P(B) True False 2 points Question 2 1. Seventy two percent of all observations fall within 1 standard deviation of the mean if the data is normally distributed. True False 2 points Question 3 1. Probability trees are used only to compute conditional probabilities. True False 2 points Question 4 1. The equal likelihood criterion assigns a probability of 0.5 to each state of nature, regardless of how many...

Question 1 1. If two events are not mutually exclusive, then P(A or B) = P(A) P(B) True False 2 points Question 2 1. Seventy two percent of all observations fall within 1 standard deviation of the mean if the data is normally distributed. True False 2 points Question 3 1. Probability trees are used only to compute conditional probabilities. True False 2 points Question 4 1. The equal likelihood criterion assigns a probability of 0.5 to each state of nature, regardless of how many...