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Mar 29, 2024
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STAT 7355 - Decision Analysis for UncertaintyCredit Hours: 3.0 Lecture Contact Hours: 3 Lab Contact Hours: 0 Prerequisite: graduate standing and STAT 6361 or STAT 7370 , or approval of chair.
Decision trees and risk neutrality, expected utility theory, types of risk attitudes and utility functions. Applications to business decision making and to public policy evaluation.
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