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DECISION ANALYSISTHE DETERMINISTIC PHASE 4
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alternative axiom beta beta distribution branches buy the car calculated choice coin computed considered decision analysis cycle Decision Analysis Group decision maker decision node decision problem decision theory decision tree decision variables decision-maker density function determine deterministic phase developed discussion Equation evaluate example expected loss expected profit expected utility expected value experiment experimental exponential exponential utility Howard indifferent individual interview investment level judgment lemon lowest competitive bid million outcome parameters peach percent perfect information present value prior prize prob probabilistic phase probability assignments probability distribution procedure profit lottery Project Stormfury property damage quantity question random variable represent risk attitude risk aversion risk preference sample Science and Cybernetics shown in Figure shows Stanford Research Institute stochastic dominance SYSTEMS SCIENCE tion tosses uncertain uncertainty utility curve utility function value of clairvoyance value of perfect wind speed zero