Fifty Years of Probabilistic Decision Analysis a View From the UK

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  • 8/12/2019 Fifty Years of Probabilistic Decision Analysis a View From the UK

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    PX(x= head)

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    f(x) r w

    EX(x) = p (r) + (1 p)(w) =w+ p(r w) EX(x) = r f(x) x0

    w+p(r w) = r f(x)

    p= 1f(x0)

    r w

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    Wetgrass

    Raining Sunnyday

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