Week 8 - Introduction to decision making under uncertainty and risks

Week 8 - Introduction to decision making under uncertainty and risks

by Nikola Kadoić -
Number of replies: 2

Dear Students,

I hope this message finds you well. I'm writing to inform you about some important updates regarding our upcoming lectures.

This week's lecture will cover the introduction to decision making under uncertainty and risks, as planned. However, please note that the lecture venue has been changed to Room 4, which is where we met last time. Additionally, I want to inform you that all subsequent lectures will also take place in Room 4.

Furthermore, there is a change in the delivery mode for the lectures scheduled for May 8th and May 16th. Due to the Faculty council session being rescheduled from May 16th to May 8th, our lecture on May 8th will now be conducted online. Conversely, the lecture on May 16th will be held face-to-face.

To ensure everyone is informed, I have already updated the table on the e-course homepage with this information.

If you have any questions or concerns, please don't hesitate to reach out.

Best regards,

Nikola

In reply to Nikola Kadoić

Re: Week 8 - Introduction to decision making under uncertainty and risks

by Nikola Kadoić -
Dear students,
today's lecture will start at 12.00 (not 12.15) in Room 4. We plan to finish at 13.15.
Best regards,
Nikola
In reply to Nikola Kadoić

Re: Week 8 - Introduction to decision making under uncertainty and risks

by Nikola Kadoić -

Dear Students,

I hope this message finds you well. I wanted to provide you with some updates regarding our recent lecture and upcoming topics, as well as homework assignments.

Today, we covered decision making under uncertainty and risks, which will also be the focus of next week's lecture. For this week, we delved into basic methods such as maxmin, maxmax, Hurwicz, Savage, Laplace, and expected value. Following that, in the next week, we will analyze a more complex method known as the decision tree.

Due to the low attendance in today's lecture and the upcoming online session next week, I have added a link to a video lecture that covers both this week's and next week's topics. This will ensure that all students have access to the necessary materials.

Furthermore, there are two assignments in the system, each worth points. The first assignment, due on May 9th, focuses on the basic methods for decision making under uncertainty and risks. The second assignment, due on May 16th, pertains to the decision tree method. You have the flexibility to complete these assignments using Excel, paper, or any other appropriate tool of your choice.

If you have any questions or require clarification on any topic, please feel free to contact me via email.

Best regards,

Nikola