Sequential Decisions: Decision Trees (Arboles De Decisión)
Grupo Consultor CAV Capital Advisory & Valuation
October 20, 2003
This is a course material from the book Managerial Decision Making Under Risk and Uncertainty. The book is originally in Spanish and is untitled as Decisiones empresariales bajo riesgo e incertidumbre. The level of the book is basic. We use very few mathematics and it is expected to be used by managers.
In this eigth chapter we analyse the problem of sequencial decisions. In particular we use the decision tree approach. We illustrate the tool with a relatively complex example.
Note: Downloadable document is in Spanish
Number of Pages in PDF File: 34
Keywords: Sequential decisions, decision trees
JEL Classification: G31
Date posted: May 16, 2007