This course provides an introduction to how to make decisions under uncertainty. Topics include Expected Monetary Value (EMV), expected utility theory (EUT), common violations of EUT, alternatives to EUT (e.g, Prospect Theory), decision trees, the value of information, and multi-period decision making under uncertainty.
Instructor Biography – Steven Shechter
Course Outline – Class of 2018 (Updated August 3, 2017)
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