Could you also tell me with regards to risk will the Bayes rule pop up and the value of imperfect information?
I have been trying to read my P5 articles bit by bit but the Risk articles part 1 and part 2 seem to be out of date and off the point. I noticed they have been updated in April 2015 but fail to understand the point of the article.
I am ok with the risk methods eg maximax and maximin etc and expected values but unsure why these articles have been written.