expected-value decision-making
The Forecasting Value of New Crop Futures: A Decision-Making Framework
... increasing the stock to end-use ratios reduced the differences between planting and harvest futures prices, with the effect being about twice as large in the soybean market. During the second period, the direct effect of ...
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A Scoping Inquiry into the Potential Contribution of Subjective Probability Theory, Dempster-Shafer Theory and Possibility Theory in Accommodating Degrees of Belief in Traveller Behaviour Research
... the decision weights used in conditioning a parameterised explanatory ...of decision making such as subjective expected utility theory or prospect theory, degrees of belief are related to ...
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Better than expected: the influence of option expectations during decision-making
... Figure 1. Task paradigm. On each trial, participants are presented with two options, one returning amount x/2 for sure (e.g. 6 H, where x ¼ £6) and the other (e.g. 6 G) offering a 50/50 gamble between amount x and zero. ...
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The Value of Foresight: How Prospection Affects Decision-Making
... of decision-making proposed by Botvinick and collabora- tors (Botvinick and An, 2008; Solway and Botvinick, submitted; see Section 2) and extending it with two critical ...and expected motivations, ...
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The Value of Big Data in Clinical Decision Making
... provide value-based, personalized ...be expected by big data initiative within the healthcare sector too? For the revolution to occur, the long term challenge in the healthcare industry of bringing together ...
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DECISION MAKING IN THE GREEN HOME CONSTRUCTION BUSINESS: VALUE DRIVERS
... are expected to be leading in building industry ...is expected to witness increasing number of realty developers and investors building smaller, compact, functional homes based on consumer needs because of ...
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Firm Value and the mis use of the CAPM for valuation and decision making
... budgeting decision making ...The value of a firm is given by the discounted free cash flows, where the discount rate is the risk-adjusted cost of ...by making use of the CAPM pricing relation ...
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Firm Value and the mis use of the CAPM for valuation and decision making
... Present Value (NPV) for investment decisions and valuations is widespread in ...lead decision makers to infringe Modigliani and Miller’s Proposition ...same expected free cash flows are valued, one ...
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What is the “value” of value at risk in a simulated portfolio decision making game?
... unanimous decision as in Steinbacher (2009b) where herding induced a Citigroup stock to outperform other alternatives quite ...before making the decision, an agent first picks one of his friends and ...
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Assessing the Expected Value of Research Studies in Reducing Uncertainty and Improving Implementation Dynamics.
... that decision uncertainty is ...for decision-making, as research could have zero cost(21). The value of further research can thus only be assessed using the EVR and comparing this to its ...
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Choice Quality as a Function of Decision Accuracy and Search Cost
... of expected value and ...of decision-making are ...with expected value ...to making a decision, there exists a corresponding higher expectation of gains, ...
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Consumers’ Perceived Value of One Tambon One Product (OTOP) Thai Handicrafts Preserved Flowers in Glass Innovation in Relation to Decision-Making Chaisat Raovichit Narissara Parkvithee
... the expected frequency value (cells with a calculated value below 5 should amount to less than a standardized 20%) for both foci (Yates, Moore & McCabe, ...
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Bayesian value-of-infomation analysis: an application to a policy model of Alzheimer's disease
... the expected costs of uncertainty surround- ing a clinical ...The expected costs of uncertainty are determined by the probability that a treatment decision based on existing (prior) information will ...
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Expected utility theory for monitoring-based decision making
... of value of information (VoI), which has its background in the seminal work by Lindley [16], later formalized by Raiffa and Schlaifer [3] and finally by DeGroot [17] (see the literature review by ...the ...
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The Role Of The Ventromedial Prefrontal Cortex In Value-Based Decision-Making
... subjective value for options, across reward type and across hundreds of functional neuroimaging ...preference-based decision-making, its specific contributions to how decisions are made have not yet ...
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Behavioral Finance in Brazil: applying the prospect theory to potential investors
... the Expected Utility Theory, an important element of Neoclassical Economics, as basis for decision- ...the decision- making process of employees (potential investors) from a major national ...
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Credit Scoring Using Fuzzy AHP Method: Case Study PT. Batavia Prosperindo Finance TBK
... lower value (l), middle value (m) and the value of (u) all levels of importance of the ...bottom value and the sum of the top values, then divide the middle value by the number of the ...
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Making a Decision on Ethical Decision-Making Models
... the decision remains ...Ethical decision making (EDM) models provide a framework in which a person is instructed to consider the context, the ethical and/or legal codes, potential decisions and their ...
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Using Decision Tree to Predict Armed Conflicts in Sudan
... Security is a state where values, beliefs, democratic way of life, institutions of governance, welfare and well- being as a nation and people are permanently protected. There are many ways to predict threats which can ...
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Expected net present value of sample information: from burden to investment.
... any decision and the value of research to reduce these uncertainties can differ ...of value of information that do not take account of the time it takes for research to report and the costs and ...
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