[#1] Decision theory | Decision under uncertainty | in Operations research | By Kauserwise

This is the video about decision theory under uncertainty in Operations research.
The first part of this video contains:
-What is decision theory briefly and its environments (decision under certainty and decision under risk and decision under uncertainty)
-Under uncertainty we have seen five different criterion along with the problems. -decision under uncertainty in that video we seen the below information. What is Laplace criterion or Equal probability or Rationality or Bayes's criterion
What is criterion of Optimism?
(Decision theory when MaxiMax criterion)
(Decision theory when MiniMin criterion)
Criterion of pessimism or Wald criterion
(Decision theory when MaxiMin criterion)
(Decision theory when MiniMax criterion)
In the next part will contains the below criterions
MiniMax Regret criterion or Savage criterion
(Maximization problems)
(Minimization Problem)
Hurwicz criterion or criterion of Realism or weighted average criterion
For - Regret criterion and Hurwicz criterion: • [#2] Decision Under Un...
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Thank you 😊👍

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Thank you for this video. Waiting for the next part

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Your videos are amazing . Please make a video on decision tree analysis.

[@AbandonedVoid]

Fascinating how both of the optimism criterion and both of the pessimism criterion work under the same exact principles, just with opposite cardinalities. I feel like, at that point, the difference between minimax and maximin is really just a question of how you format the data rather than the actual way you process it.

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it's not that useful in real life tactics. there are a lot more problems than they illustrate.

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Ma'am please upload rest of the videos on decision theory and please make some videos on markov chain as well.

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well elaborated!

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Please make videos about “Queing Theory"

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What if I get two similar highest Pay-offs, which one do I choose then.

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Decision making in risk and perfect information class mam

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Dear Kauserwise, thank you for your various tutorial, I appreciate tham. please can you explain the EXPECTED MONETARY VALUE CRITERION, EXPECTED OPPORTUNITY COST CRITERION AND EXPECTED UTILITY CRITERION?

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What about decision making under Risk? and EOL ???

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what about senstivity analysis

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5:54 7:01 for all equations 8:56 EP 11:00 Select highest pay off andd lowest cost

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Hi mam can you please explain decision under certainty and under risk also mam

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mam please upload decision making under risk and decesion tree problems

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Please make theory lessons on decision making and simulation

[@kauserwise]

Sure

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Maam plz upload videos of decision tree

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Mam certainty an risk ❓❓

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You have told how to solve the problem accurately, but who will tell how to right the solutions properly.

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7.09 can anyone or ma'am can you explain me calculation as my calculation is this 1000+1500+750+0 - 3250

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S2 last one is 3000 or 300

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Mam continuation