Maximax, Maximin, Hurwicz, Laplace, EMV

Making decision from payoff table by using maximax, maximin, Hurwicz, Laplace and EMV method.

[@geraldinekafwanka8796]

This explanation couldn't have been said any better. Thank you very much this was extremely helpful. I have a test approaching and this has made me feel more confident.

[@costcocard]

You explain things so well! It has been a long time since I've commented on any youtube video but you just explained things that our prof took 2 weeks.

[@akhileshbhardwaj982]

I am able to solve my assignment problems thanks to you. Your explanation is short and lucid. Love it

[@bennynkandu1174]

Simple and straight to the point. Thank you Raihana.

[@raihanazainordin3533]

You are welcome Benny.

[@rawallekhraj8123]

Seriously I thought it’s complexion chapter for me but your video made it like cup of tea, appreciate you

[@nayanakottassery5758]

I sooo needed this class right now. Thanks a lot❤

[@TheTriangle444]

The other video explained Hurwicz in 8 mins. Yours took 3 mins and explained everything!

[@ademendre1252]

Ur way of presentetion is simple and undaerstandable, l like it. Thanks

[@mazzikanow3374]

God bless you, thanks for the explanation.

[@Noufalpariyarath]

Good.. very easy to understand.. expecting more like these.. go ahead.. best wishes.

[@fawzigeriani9001]

Thanks a lot, it's really useful and indeed

[@priyadalvi985]

This video was very helpful
Thanks

[@user-eo7dg7lg7s]

thank you so much for such an easy explanation

[@shaariusm7228]

Very good video. Good examples with clear explanation. Stuck in the class but this really help much. Thank you so much and it's highly appreciated

[@merveilkioto933]

Good work. This is much easier to understand. Thanks.

[@raihanazainordin3533]

You are welcome.

[@grudeepkevat718]

Your explanation is very nice 😊😊😊

[@lilyalilya4356]

جزاك الله خيرا ❤

[@MedZukhruf]

Awesome 🎉

[@bgmcollections7417]

Thank you you explain well

[@sohamountwal5104]

Thanks for you Laplace methods

[@raihanazainordin3533]

You are welcome.

[@dashanebrown9564]

thank you so much for this, Im sure ill pass with this knowledge

[@raihanazainordin3533]

You are welcome. All the best to you.

[@user-yf5zz8bj2z]

Hi thank you for sharing. How can I calculate expected value of a game

[@jeredE99]

thank you very much my quantitative teacher is a fast talker.....

[@hibakhan5065]

best video really helpful

[@dlaminidanile6195]

Wow you saved my test❤

[@jaffarhamdhan]

How toc calculate the EMV number

[@dommanedounia164]

Thank you !

[@joshaerikamascardo8941]

Hello, what if you computed all the 3 approach (optimist, conservative, minimax regret) and among all the results, you need to choose which is the best decision.
Example:
Optimist: d3 = 120
Conservative: d4 = 20
Minimax regret: d4 = 100
what could be the best decision?

[@raihanazainordin3533]

Hi there Josha. As far as I'm concerned, each method has unique decision. There is no method that is better than the other. I have never encountered with a question that asks you to compare the methods.

[@jinjjaaaohnoo1339]

If alpha have 2?

[@mahdiahmedrafid]

zazakallah khairan dear sister🤍

[@SaiVegetarianKitchen]

Thanks!🙏🏽

[@raihanazainordin3533]

you are welcome.

[@sunnychandel6475]

This is so awesome exlainantion.

[@raihanazainordin3533]

Thank you.

[@aadilkp5335]

Thank you

[@shabinmaliyakkal3758]

Hi,
Your video was really informative. I have one doubt...what if we get two similar values of EMV? Then which decision will we choose....

[@raihanazainordin3533]

Hi there. We choose either one.

[@Freedominchrist531]

Wow its so great thanks 👍

[@raihanazainordin3533]

You are welcome. :)

[@vikramgoswami3128]

Mam..Aesa video kese bna..Can you help me

[@mido4339]

Thnks for this explanation

[@raihanazainordin3533]

You are welcome.

[@ziklancerzik6971]

thank's a lot

[@sundaystephanie7147]

Great …but I didn’t exactly get the hurwicz …how we got the 0.2

[@raihanazainordin3533]

alpha value is normally given in the question. if alpha is 0.8, then 1 minus alpha is 0.2.

[@Akshay-zc5lq]

Tysm dear

[@kajuthakare8608]

thanku so muchh

[@muhammadbilal3900]

Malaysian accent.
Nice talented

[@KathurimaMaxwell]

How did you get alpha for Hurwicz?

[@raihanazainordin3533]

alpha is considered given.

[@dachoyzenwan]

How did you get the probability of EMV? Thank you

[@raihanazainordin3533]

The probabilities are given (provided by the question usually).

[@dachoyzenwan]

@@raihanazainordin3533 thanks,,, btw im listening to my professor for 1hour and 30 mins; i literally can't understand anything. I'm lucky to bump with your video... 3 minutes clip explains everything, thats mind blowing

[@grudeepkevat718]

Thank you maam

[@Lizasart000]

Why it is a 0.2 ? For the hurwics method? while the alpha is 0.4? why 0.2 for the (I-a)??

[@raihanazainordin3533]

alpha given in this example is 0.8. thus, 1-alpha is 0.2.

[@abhishekbandal6580]

Thnxx mam

[@semravehabovic6069]

HI. Can you tell me how you did minimax decision rule

[@jazerabdi9316]

13 june i have an exam😅😂

[@raihanazainordin3533]

here's the video for minimax regret method ua-cam.com/video/dW8S9YGOOAo/v-deo.htmlsi=8dklAQ1z2StCDUZF

[@prabu2778]

You are So Brilliant mam

[@raihanazainordin3533]

thank you so much prabu.

[@Diabolical3010]

Minmax regret criterion?

[@raihanazainordin3533]

Here. ua-cam.com/video/dW8S9YGOOAo/v-deo.html

[@tadesebirke4397]

thanks Raihana Zainordin

[@shikhashukla2324]

👍❤️🥰

[@music_lover_infinity]

Really soo easy

[@tekpeteysaviour6044]

Ooh that's fine

[@prakashrajsasikumar6859]

Emv means

[@raihanazainordin3533]

Expected Monetary Value.

[@imohammed2281]

اللي جاي من تحليل كمي لايك

[@erickndungu6591]

You forgot minimax criterion

[@raihanazainordin3533]

I made another video for that. Please check it out. :)

[@melancholicsmile5575]

O

[@raihanazainordin3533]

maximin is maximizing the minimum.

[@melancholicsmile5575]

@@raihanazainordin3533 ya h sorry i was confuswd will delte this to avoid confusing others

[@melancholicsmile5575]

@@raihanazainordin3533 also thank you really helpful to the point videos to watch before exams lol

[@mehmetd.dragon5718]

when you make videos for education you should invest ina fucking mic !!!!!!!!!!!!!!

[@Nightengale0000]

Do you have a whatsapp