Risk and Uncertainty part b

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Risk and Uncertainty: Please note that this lecture relates to Chapter 10 of the Course Notes (not chapter 9 as stated in the lecture).

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Comments

  1. Avatar of tauraiversatile tauraiversatile says:
    May 12, 2013 at 7:31 pm

    Very Helpful….Thanks

  2. Avatar of abodinho abodinho says:
    May 6, 2013 at 8:21 pm

    can’t thank you enough John, veeeeeeeeeeeery well explained,but maybe you forgot about part c in the question?

  3. Avatar of mahoysam mahoysam says:
    May 1, 2013 at 7:54 am

    I will have to comment on every lecture I am watching and say thank you.

    I am not starting to review F5 and I am reviewing it using your lectures to give me a clear understanding, really thanks!

    Maha

  4. Avatar of zeba93 zeba93 says:
    April 15, 2013 at 6:45 pm

    That was very helpful! Thanks a lot :)

  5. Avatar of experience4u experience4u says:
    April 13, 2013 at 11:29 am

    Nice

  6. Avatar of minister minister says:
    March 29, 2013 at 11:54 am

    with the maximin and maximax our focus was on profit outcomes based on contract size but with minimax regret our focus did shift to profit outcomes based on normal demand.
    Why the shift?

    • Avatar of johnmoffat johnmoffat says:
      May 7, 2013 at 8:08 am

      Listen to the lecture very carefully.
      The reason is that on this approach we are looking (in the regret table) at how much we would ‘lose’ by having made the wrong decision. This depends on what the normal demand turns out to be.

  7. Avatar of chandhini chandhini says:
    March 29, 2013 at 8:54 am

    im not able to view the lectures! All I can see is an ad! :(

  8. Avatar of kenny123 kenny123 says:
    March 24, 2013 at 10:18 am

    What more can I say, thank you, it was very well explained!

  9. Avatar of Dthind Dthind says:
    March 7, 2013 at 12:18 am

    John….You are one of the best lecturers!!

  10. Avatar of haroula haroula says:
    November 19, 2012 at 11:38 pm

    thank you very much!!!
    you really are great. i can understand much better maximin, maximax and minimax regret now!

  11. Avatar of olivianyland olivianyland says:
    October 21, 2012 at 4:16 pm

    In the Minimax Regret at the end of the question you should have put 600 as the worst outcome for contract size 700 not 800. It doesn’t affect the answer just neatness :)
    Great Lectures

  12. Avatar of wilbert300 wilbert300 says:
    October 12, 2012 at 1:03 am

    Thank u very much for a great lecture, it was easy to understand

  13. Avatar of giftw giftw says:
    October 10, 2012 at 3:14 pm

    this is gud guys keep on the gud work

  14. Avatar of enmost enmost says:
    July 18, 2012 at 11:38 am

    clear indeed where a deaf can even hear and a blind can see.thanks to opentuition.may you keep on doing the good job.but wat happen to part c and the other section.hop u will add it.with u guys im confident on my exams

  15. Avatar of alicialee alicialee says:
    July 3, 2012 at 7:00 pm

    What happen to the example for decision trees?

  16. Avatar of baaba5 baaba5 says:
    June 7, 2012 at 2:40 pm

    Hey what happened to part (c)? and example 2 on decision trees?
    Good lecturer and video though :)

  17. Avatar of nicky1986 nicky1986 says:
    May 26, 2012 at 3:41 pm

    Nice Opentuition keep it up!!!!!!!!!!!!!!!!!!!!!!!!!!

  18. Avatar of petrieann petrieann says:
    May 10, 2012 at 4:34 pm

    Opentuition where did you get this lecturer? He is great!!!!!….Thank you.

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