Decision Analysis Quiz
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Questions and Answers

Who pioneered the idea of subjective probability?

  • Mathematical philosopher
  • Frank Ramsey (correct)
  • Oskar Morgenstern
  • John von Neumann

    • What does decision analysis encompass?

  • Philosophy, methodology, and professional practice (correct)
  • Data analysis and interpretation
  • Subjective probability and utility theory
  • Corporate and non-corporate stakeholders' interests

    • Who developed an axiomatic basis for utility theory?

  • Mathematical philosopher
  • Frank Ramsey
  • Decision analyst
  • John von Neumann and Oskar Morgenstern (correct)

    • What is the purpose of decision analysis?

    <p>Identifying, representing, and assessing important aspects of a decision</p> Signup and view all the answers

    What did Frank Ramsey pioneer in 1931?

    <p>Subjective probability</p> Signup and view all the answers

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