Decisions Under Uncertainty on Excel (Maximin, Maximax, Laplace, and Minimax Regret methods)

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Demonstrates the Maximin, Maximax, Laplace, and Minimax Regret methods on Excel. Here's the link to the Excel file used in this video: bit.ly/2WikCaH

[@brooklyntrask5687]

This video helped alot! much more clear & precise than my professor. so thankyou!

[@DavidJohnk]

I'm glad it helped!

[@linhnguyenthuy4571]

thank you! this really helps me thourgh this final exam

[@DavidJohnk]

You're welcome!

[@irishtwinadventures-wp8467]

Thank you!!!! You saved me in my Masters class!!!

[@DavidJohnk]

You're welcome!

[@thegringodemaio]

Thanks for this!

[@DavidJohnk]

You're welcome!

[@mahmoudysleim7303]

thank you from egypt

[@DavidJohnk]

You're welcome!

[@srvicio96]

muchas gracias !

[@DavidJohnk]

De nada

[@jasbirsinghkhalsa6917]

Thank you so much :)

[@DavidJohnk]

You're very welcome.

[@araahimsa5524]

If the probability oin the question is unknown how we can find the expected payoff?

[@DavidJohnk]

kzbin.info/www/bejne/lYaQfXWAqceAhLc I went over it at the end, is that what you were looking for?

[@lizsounds395]

No hablo ingles pero aun asi le entendí, muchas gracias......Thank you

[@DavidJohnk]

You're welcome

[@irishtwinadventures-wp8467]

Where can I find your excel document? Or did you not link it? 😊

[@DavidJohnk]

bit.ly/2WikCaH

[@abdulsalamyousif179]

if I have a point between two curves and I want to interpolate between them to determine the value of the point. how can I do that in excel?

[@abdulsalamyousif179]

this is a screenshot of my problem drive.google.com/file/d/0B3wtCAXuitSVZjZyc1NmWUpxeGc/view?usp=drivesdk

[@abdulsalamyousif179]

and this is the excel sheet please help drive.google.com/file/d/0B3wtCAXuitSVNHhNby1QV3k2UlU/view?usp=drivesdk

[@DavidJohnk]

You can visually move the slider I place on the "design" worksheet (see link to worksheet below). I can't interpolate automatically because each individual curve is already interpolated from other points on Excel using a smoothed scatterplot. See modified worksheet below drive.google.com/open?id=0BytkUU5_yR6iMWVPUjZVb3ZrUDg