This brief video explains
*the components of the decision tree
*how to construct a decision tree
*how to solve (fold back) a decision tree.
Other videos:
Decision Analysis 1: Maximax, Maximin, Minimax Regret
https://youtu.be/NQ-mYn9fPag
Decision Analysis 1.1 (Costs): Maximax, Maximin, Minimax Regret
https://youtu.be/ajkXzvVegBk
Decision Analysis 2.1: Equally Likely (Laplace) and Realism (Hurwicz)
https://www.youtube.com/watch?v=zlblUq9Dd14
Decision Analysis 2: EMV & EVPI - Expected Value & Perfect Information
https://www.youtube.com/watch?v=tbv9E9D2BRQ
Decision Analysis 4: EVSI - Expected Value of Sample Information
https://www.youtube.com/watch?v=FUY07dvaUuE
Decision Analysis 5: Posterior Probability Calculations
https://youtu.be/FpKiHpYnY_I
