This brief video explains
*the components of the decision tree
*how to construct a decision tree
*how to solve (fold back) a decision tree.
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Other videos:
Decision Analysis 1: Maximax, Maximin, Minimax Regret
• Decision Analysis 1: Maximax, Maximin...
Decision Analysis 1.1 (Costs): Maximax, Maximin, Minimax Regret
• Decision Analysis 1.1 (Costs) - Optim...
Decision Analysis 2.1: Equally Likely (Laplace) and Realism (Hurwicz)
• Decision Analysis 1b: Equally Likely ...
Decision Analysis 2: EMV & EVPI - Expected Value & Perfect Information
• Decision Analysis 2: EMV & EVPI - Exp...
Decision Analysis 4: EVSI - Expected Value of Sample Information
• Decision Analysis 4 (Tree): EVSI - Ex...
Decision Analysis 5: Posterior Probability Calculations
• Decision Analysis 5: Posterior (Revis...