'Uncertain event' presentation slideshows

Subjective Probability

Subjective Probability. Dr. Yan Liu Department of Biomedical, Industrial and Human Factors Engineering Wright State University. Subjective Interpretation of Probability. Frequentist Interpretation of Probability Long-term frequency of occurrence of an event Requires repeatable experiments.

452 views • 32 slides

Module 3: Introduction to the concepts of risk and insurance

Module 3: Introduction to the concepts of risk and insurance. ILO, 2013. Key questions. What is risk? What are the different types of risk? What are the sources and consequences of risk? How is risk managed? Why do we need insurance? How does insurance work?

496 views • 24 slides

Using databases to test methods for decision under uncertainty

Using databases to test methods for decision under uncertainty. R. T. Haftka, R. I. Rosca, E. Nikolaidis September 2004. Introduction Decision under uncertainty. Uncertain event. Information. Outcome. Decision. Consequence.

355 views • 23 slides

Introduction to the toolbox

288 views • 20 slides

Utility Axioms, paradoxes, and implications

Utility Axioms, paradoxes, and implications. Dr. Yan Liu Department of Biomedical, Industrial & Human Factors Engineering Wright State University. Axioms for Expected Utility.

324 views • 19 slides

Elements of Decision Problems

Elements of Decision Problems. Given a complicated decision problem, one should first identify the elements of the problem Values and objectives Decisions to make (and alternatives) Uncertain events (and outcomes) Consequences. Values and Objectives. Values

305 views • 17 slides

Tone and words

Tone and words. By: Dalton Easterling. Anxious. Definition- Uneasy and apprehensive about an uncertain event or matter; worried. Synonym- Butterflies. Incredulous. Definition- N ot disposed or willing to believe; unbelieving Synonym- S keptical. P oignant.

324 views • 9 slides

Gambling

Gambling. What is Gambling?. What is Gambling?. Gambling is the betting or staking of something of value, with the consciousness of risk and hope of gain, on the outcome of a game, a contest, or an uncertain event. The Principle of Gambling is Sinful.

440 views • 8 slides

Privity (Privacy) of Contract

Privity (Privacy) of Contract. Privity of contract can be defined as follows: As a general rule, only a person who is a party to a contract has enforceable rights or obligations under it. Third parties have no right of action save in certain exceptional instances .

86 views • 8 slides

Chapter-8

198 views • 6 slides