We are off to a good start in our case studies – 3 groups (including mine) have presented their work so far.
Today we discussed if this this kind of decision analysis (using probabilistic and non-probabilistic methods, calculating expected value, using utility functions and so forth) and the various frameworks that have been developed by the groups would be useful in a real-world situation?
I definitely think so, it gives a very good background for discussion, and it helps to see the problem from different angles.
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