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HomeMIT IDS.333 Risk and Decision Analysis, Fall 2021Unit 10: Utility Analysis and Multidimensional Evaluation, Video 7: Robustness and Take-aways
Unit 10: Utility Analysis and Multidimensional Evaluation, Video 7: Robustness and Take-aways
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Robust decisions minimize standard deviation, neglecting maximization of superior system performance. Overall, target curves and comparative tables may best present valuation results to decision-makers.