Problem 12.2 - A B A B A B A B Without information you...

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Problem 12.2- Excel S Making Hard Decisions with DecisionTools by Rob #ADDIN? 20 10.0% Decision 0 #ADDIN? #ADDIN? 6 #ADDIN? 10 20.0% Decision 0 #ADDIN? #ADDIN? 6 #ADDIN? Chance 0 #ADDIN? #ADDIN? 5 60.0% Decision 0 #ADDIN? #ADDIN? 6 #ADDIN? 0 10.0% Decision 0 #ADDIN? #ADDIN? 6 Decision #ADDIN? 10.0% 20 20.0% 10 #ADDIN? Chance 0 #ADDIN? 60.0% 5 10.0% 0 #ADDIN? Decision 0 #ADDIN? #ADDIN? #ADDIN? 6 #ADDIN? Problem 12.11 With Perfect Information No Information A B A=20 A=10 A=5 A=0 "A=20" "A=10" "A=5" "A=0"
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Unformatted text preview: A B A B A B A B Without information, you would choose A. The EVPI is then: EMV(Info) - EMV(A) = 8.2-7.0 = 1.2 Solution bert T. Clemen & Terence Reilly #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN?...
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