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In this video, we will solve a problem of Decision theory under risk in which we will learn the following topics : 1. How to construct a pay-off matrix table 2. EMV 3. EVPI 4. EPPI All these methods are used in decision making of operation research. If you like our work, do give it a thumbs up and let us know in the comments below. Video link to learn minimax criterion, laplace rule, Hurwicz rule : • Elementary Decision Theory | Laplace ... Subscribe to the channel : / @statisticsforall3433 Follow us on Instagram : / statistics.for.all Related to : Decision Theory decision theory under risk decision theory under uncertainty decision theory in operation research decision theory bcom decision theory tybcom sem 5 decision theory in statistics decision theory model decision theory payoff table decision theory statistics decision theory machine learning decision theory probability decision theory explained decision theory course decision theory under certainity decision theory tree decision theory lecture decision theory kauser wise decision theory Bayesian decision theory model what is decision theory decision theory examples decision theory solved problems decision theory problems and solutions decision theory example problems decision theory definition what is decision theory in statistics