Decision Making Under Risk
This site is a part of the JavaScript E-labs learning objects for decision making. Other JavaScript in this series are categorized under different areas of applications in the MENU section on this page.
Enter your up-to-6x6 payoff matrix starting from the upper-left corner. Rows are assigned to your decision alternatives (choices), while and columns are for the states of nature. Enter also your subjective probability of the occurrence for each states of nature, then click the either of Calculate buttons. Unoccupied rows and columns not included in the calculations but zeros are.
In entering your data to move from cell to cell in the data-matrix use the Tab key not arrow or enter keys.
States of Nature's Probabilities
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Decision Analysis with Applications
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Professor Hossein Arsham
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