Bullbear Buffett

Keep INVESTING Simple and Safe (KISS)***** Investment Philosophy, Strategy and various Valuation Methods***** Warren Buffett: Rule No. 1 - Never lose money. Rule No. 2 - Never forget Rule No. 1.

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Showing posts with label expected alues. Show all posts
Showing posts with label expected alues. Show all posts
Saturday, 21 November 2009

Decision making: Risk, Probability, Impact, Subjectivity, Decision trees and Expected Value

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You are invited to play dice games version A and version B.  In this game, you bet $1 on the throw of a dice.  Throwing a six wins a prize; ...
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