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DECISION THEORY: Model#1 Decision Making Under Uncertainty | Lecture Series #40 | EASILY EXPLAINED!
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0:00 Intro
1:26 Decision Theory Model #1
2:36 Assumptions in Decision Theory
3:06 4 Models of Decision Theory
3:50 Model #1 Decision Making Under Uncertainty
5:01 5 Criteria
8:18 Example Problem
15:40 Maximax Criterion
20:19 Maximin Criterion
22:13 Hurwicz Criterion
30:10 Laplace Criterion
33:54 Minimax Regret Criterion
42:07 Summary
44:43 Outro
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