Week - 1 |
Introduction to decision theory. Decision environment. Elementary decision analysis |
Week - 2 |
Classification of decision problems. Choice of decision rule. |
Week - 3 |
Decision making under uncertainty. |
Week - 4 |
Decision making under risk. |
Week - 5 |
Utility theory |
Week - 6 |
Utility functions for non-monetary attributes. |
Week - 7 |
Axioms of utility theory. |
Week - 8 |
Utility functions in the case of risk seeking attitudes. |
Week - 9 |
Decision trees. Use of decision trees in cases of certainty, uncertainty and risk. |
Week - 10 |
Decision trees. Use of decision trees in cases of certainty. |
Week - 11 |
Decision trees. Use of decision trees in cases of uncertainty. |
Week - 12 |
Decision trees. Use of decision trees in cases of risk. |
Week - 13 |
Perfect and imperfect information. Expected value of information. |
Week - 14 |
Perfect and imperfect information. Expected value of information. |