EOL Decision making under risk [Lec 6]

Correction:-
I have explained it correctly first sum but while saying I mistakely said A2 instead of A3.Best course of action is A3.
In this video you will learn Decision making under risk. Expected Opportunity Loss (EOL) is one of the technique in decision making under risk.It is use to find out the best course of action out of different courses of actions available.
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[@pristinepragya2200]

Thank you 🙏 Understood this whole Decision theory problems from your channel❤️ Loads of love from Nepal 🇳🇵

[@abirahmed6706]

Thank you very much for your fast videos. It is really helpful for the revision before the exam. Thanks a ton from Bangladesh.

[@nirajkapadiya19]

THANK YOU ... very nice explanation

[@garimadhawan7909]

Thanks alott sirrrr ...for easy explanation ❤

[@monudahake9553]

Thanks for sharing this video 🔥

[@Story0814]

Thank you so much sir 🥰❤️

[@legita9085]

Thanks you sir aapne bahut achhe se samajaya alag alag video bana ke college me to achhe se nhi Samaja tha Thanks you very very much 🥰💞❤️❤️❤️

[@parthpolara8990]

thank you very very much sir.

[@janvinasit585]

Very good explanation 🙏

[@chandanchaurasia1]

I saw all videos thank you

[@ravibagda7587]

Bhai aapka explanation kaafi acha hai..♥️👍

[@sakshichauhan2917]

Thank you so much

[@businessclasses-mw2ji]

Thank you so much sir❤

[@rumankhan2759]

Thankyou so much sir

[@reenamore31]

Cost table hai ya payoff table kaise identify kare?

[@sohammukherjee8156]

In the first sum A3 will be the smallest so there is a mistake

[@gradeupgrade]

Yes I know Soham...I already mentioned it in the description.

[@Cricketingfreak]

This is cost table baby so u have toh select lower ones

[@aniketgharge6026]

Hello sir, can you please explain me below questions answer? In decision making under risk, if for decision alternative B1, B2, B3, B4 the expected opportunity losses are 6,0,6,8 respectively then best action according to EOL criterion is ?

[@Aditya-iv4us]

Thank sir ❤❤❤

[@namratashah7963]

If demand or probability given. How to problem solve..EOL

[@Gutsgaming99]

Thnks doubt clear

[@ronakqureshi5899]

Very nyc bhai

[@Shivali_shingala]

Muje ek sum nhi samaj aa rha hai kya aap uska viode bna sakte ho please

[@deepanshutomar2650]

❤

[@ronakqureshi5899]

Bht acche se smjae apne mujhe ekdm acche se smja

[@gradeupgrade]

Thank You Ronak, Do share our Videos and Help Us To Grow!!!

[@DivyaSingh-jb9ey]

Easy and simplest to understand Thnks

[@gradeupgrade]

Welcome Divya, Do share and help us To Grow😊

[@tanishqzutshi775]

Expected Value of Perfect Information sir yeh wali topic ki video kabh tkk aaya gi

[@siyasarkar5285]

🙏

[@indiaadda7690]

very useful

[@BilalAnsari-zu9ik]

Sir if ham last line ko 250 - 300 kare...to iska answer negative me aana chahiye n .-50 , or uske neeche ka b if 250 - 320 kare to -14 aana chahiye n... ,

[@Mandeepkaur-sd4eq]

Thankyou sir🙏

[@jitendrasinghrajput4303]

Sir gujarati ma pan video banavo

[@tabassumnisha9627]

Payment off table me ans a3 hai

[@zstat6836]

Sir, what's relation between EOL and EMV

[@Krishugarg_]

EOL stands for expected opportunity loss nd EMV stands for expected monetary value EOL- we take most minimum value...it shows us the loss if we use this particular course of action so by choosing minimum value we choose the best course of action in which we have to suffer minimum loss. Here for EMV- it shows most profitable value by choosing particular course of action nd here we take most maximum value.

[@findnew1801]

In cost table - sign is not needed?

[@findnew1801]

In regret table??

[@abhirajvlogs0504]

Sir please explain EVPI after than Emv and EoL in decision making under risk. Sir please reply on my comment if you gotten my problem. Thanks

[@namansinghrathore9643]

You got it the video of evpi or not I also do not get can you do some help in search.

[@qazisakinahussain8498]

Like from Pakistan

[@mohitkumarshaw7562]

4.33 it will be A3 I guess because we select the lowest one.........but you have written A2.........plz someone can explain

[@Krishugarg_]

It is by mistake....as sir has mentioned it in description !

[@mohitkumarshaw7562]

@@Krishugarg_ ok

[@qazisakinahussain8498]

Bht zbrdst smjhaya hai

[@javvycooper3782]

How to find EPPI and EVPI

[@gradeupgrade]

So For EVPI, Sabka max pay off ko probability se multiply krke add kro fir jo ans aayega usmain se max EMV minus krdo

[@gradeupgrade]

Aur jo tumne max payoff ko probability se multiply krke add kiyaa hain usko hi EPPi boltey hain

[@javvycooper3782]

Ok sir thank you

[@javvycooper3782]

Tomorrow is my exam your videos were so helpful

[@gradeupgrade]

All the best for ur exam❣️❣️❣️

[@ishneetkaur4763]

So the best is A3=10 not A2 for 1st question

[@gradeupgrade]

Thanku Ishneet for ur words means a lot.I explained it correctly but while saying I mistakely said A2 instead of A3.But explaination is correct.Also i mentioned the correction in description.

[@ishneetkaur4763]

Grade Upgrade sorry I didn’t see the description but your videos are great no offence.

[@gradeupgrade]

Thanku Ishneet❣️❣️.If u like our video please share and help us grow.