This paper describes an improved method for investment decision making. The method, which is called the stochastic decision tree method, is particularly applicable to investments characterized by high ...

Business owners have to make decisions every day on issues fraught with uncertainty. Information is not perfect, and the best choice is not always clear. One way to handle these vague situations is to ...

This is a preview. Log in through your library . Abstract This paper presents the present philosophy and practice used in probability encoding by the Decision Analysis Group at Stanford Research ...