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Risk and Uncertainty ACCA Performance Management PM(F5)
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Understanding payoff tables and risk preferences.
There is a technique to follow to answering these questions and I go through that from start to finish in this video. By the end you will understand Maximin, Maximax, Minimax Regret and Expected Values .... plus the value of perfect info !!! WOW.
There is a technique to follow to answering these questions and I go through that from start to finish in this video. By the end you will understand Maximin, Maximax, Minimax Regret and Expected Values .... plus the value of perfect info !!! WOW.
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