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Unit 10: Utility Analysis and Multidimensional Evaluation, Video 1: Is Optimization Possible?
Description
MIT IDS.333 Risk and Decision Analysis, Fall 2021
Instructor: Richard de Neufville
View the complete course: https://ocw.mit.edu/courses/ids-333-risk-and-decision-analysis-fall-2021/
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Valuation of distributions of outcomes, involves risk-reward trade-offs between average and extreme performance. As these trade-offs are generally subjective, optimization is not meaningful.
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