BUSINESS DECISION MODELS (İŞLETME KARAR MODELLERİ) - (İNGİLİZCE) Dersi Decision Making Under Risk soru detayı:

PAYLAŞ:

SORU:

What is the basic idea of expected opportunity loss criterion?


CEVAP:

Expected opportunity loss, demonstrate the average additional amount the investor would have achieved by making the right decision instead of a wrong one. The basic idea of this criterion is that people try to minimize their regret or opportunity loss. In another saying, an opportunity loss (or regret) can be explained as the loss incurred due to failure to select the best alternative available.