STATISTICS II (İSTATİSTİK II) - (İNGİLİZCE) Dersi Decision Theory soru detayı:

PAYLAŞ:

SORU:

Explain optimistic approach in decision making.


CEVAP:

As the name implies, in optimistic approach, decision maker thinks that all the good things will happen. Decision maker creates the payoff table based on either profit or cost for each combination of decision alternative and state of nature. Then, the decision maker chooses the maximum or minimum payoff value for each decision alternative, and then decision maker selects the decision alternative that gives the highest or lowest of these payoffs. This method is also known as Plunger’s optimism criterion.