MAN 451 Decision Analysis
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This course is designed as an introduction to the basic concepts, principles and methods of decision making under uncertainty; and covers decision trees as a modeling tool. Role and value of information in decision making is discussed, as well as the concept of risk, and modeling risk attitudes with utility theory. Measuring utility functions, and alternatives to utility theory are also discussed.
Credit units: 3 ECTS Credit units: 5, Prerequisite:
ECON 221 and MAN 256.
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