Decision trees and dealing with uncertainty
Learn the basics of probability and decision-making in a financial context with this free course. Discover how to deal with uncertainty and simplify business decisions using powerful techniques like decision trees. Gain a solid understanding of key concepts through informative videos and practical examples. Improve your ability to calculate expected values and analyze decision trees. Start enhancing your decision-making skills today.
This free course introduces basic ideas of probability. It focuses on dealing with uncertainty in a financial context and explores decision trees, a powerful decision-making technique, which can help you to simplify and formulate business decisions. The course also includes videos that introduce the key ideas and guide you through numerous examples.
Course learning outcomes
After studying this course, you should be able to:
Deal with basic uncertainty in a decision-making context
Understand the basic ideas of probability
Calculate expected values
Produce and analyse a decision tree.
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