Decision Making Under Uncertainty

Decision Making Under Uncertainty


USA Site

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.

Professor Hossein Arsham   


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 coefficient of optimism, then click the Calculate button. 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



C
H
O
I
C
E
S

Your Coefficient of Optimism
Pessimism Action
Payoff
Optimism Action
Payoff
Middle of the Road Action
Payoff
Minimize Regret Action
Payoff
Insufficent Reason Action
Payoff
 




For Technical Details, Back to:
Decision Analysis with Applications


Kindly email your comments to:
Professor Hossein Arsham


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Kindly e-mail me your comments, suggestions, and concerns. Thank you.

Professor Hossein Arsham   


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