Based on the course design, and learning objectives. Please share your comments, concerns, frustrations, and highlights.
Did the course meet your expectations? Yes
How was the workload? The work overload was perfect.
Do you feel you will apply some of the concepts learned in the course (if so, which ones) Yes in time.
Based on your Module topics, what did you find new and interesting? And what appeared to be a review? Also, identify at least one discussion post you found interesting, helpful, or beneficial (and why).
Topics covered in this module
Decision analysis without probabilities
Decision analysis with probabilities
Decision analysis with sample information
Computing branch probabilities with Bayes’ Theorem
By the end of this module, students should be able to:
Explain payoff tables and decision trees
Identify different approaches: optimistic, conservative and minimax regret
Discuss sensitivity and risk analysis
Identify decision strategy
Compute branch probabilities with Bayes’ Theorem
Explain utility theory
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