Showing 1 - 2 of 2
We provide a generic Monte Carlo method to find the alternative of maximum expected utility in a decision analysis. We define an artificial distribution on the product space of alternatives and states, and show that the optimal alternative is the mode of the implied marginal distribution on the...
Persistent link: https://www.econbiz.de/10009213968
Persistent link: https://www.econbiz.de/10007781839