You explain things so well! It has been a long time since I've commented on any youtube video but you just explained things that our prof took 2 weeks.
This explanation couldn't have been said any better. Thank you very much this was extremely helpful. I have a test approaching and this has made me feel more confident.
Hello, what if you computed all the 3 approach (optimist, conservative, minimax regret) and among all the results, you need to choose which is the best decision. Example: Optimist: d3 = 120 Conservative: d4 = 20 Minimax regret: d4 = 100 what could be the best decision?
Hi there Josha. As far as I'm concerned, each method has unique decision. There is no method that is better than the other. I have never encountered with a question that asks you to compare the methods.
@@raihanazainordin3533 thanks,,, btw im listening to my professor for 1hour and 30 mins; i literally can't understand anything. I'm lucky to bump with your video... 3 minutes clip explains everything, thats mind blowing