Advantages of decision trees

1. This clearly brings out implicit calculations and assumptions for all to see question and revise

2. This is simple to understand

Disadvantages

1. This assumes that the utility of money is linear along with money

2. This is complicated by introduction of more variables and decision alternatives

3. This is complicated by presence of interdependent dependent and alternatives variables

 

Posted Date: 2/19/2013 4:55:29 AM | Location : United States

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