Decision Analysis 3: Decision Trees

This brief video explains
*the components of the decision tree
*how to construct a decision tree
*how to solve (fold back) a decision tree.
~~~~~~~~~~~
Other videos:
Decision Analysis 1: Maximax, Maximin, Minimax Regret
• Decision Analysis 1: M...
Decision Analysis 1.1 (Costs): Maximax, Maximin, Minimax Regret
• Decision Analysis 1.1 ...
Decision Analysis 2.1: Equally Likely (Laplace) and Realism (Hurwicz)
• Decision Analysis 1b: ...
Decision Analysis 2: EMV & EVPI - Expected Value & Perfect Information
• Decision Analysis 2: E...
Decision Analysis 4: EVSI - Expected Value of Sample Information
• Decision Analysis 4 (T...
Decision Analysis 5: Posterior Probability Calculations
• Decision Analysis 5: P...

[@theraphachukwu]

You explain in three minutes completely, what takes 45 minutes to an hour to learn in part

[@xchelle9444]

Couldn't understand my professor explaining this to me in 3 hours.. but I understood you in 3 minutes awesome thank you !!!!

[@ninakatungi9568]

😂

[@uzolchhetri6891]

it took a whole semester to barely know what these means , but u sir made me understand within 3 minutes. thank you

[@MrsDanitaMoses]

Best explanation thus far in 3 minutes. I'm impressed; great example!!!

[@karenngo4888]

Thanks for being a life saver ... I am so lost in class but you make it easy to understand

[@dariusramnath5389]

i have an exam in a few hours and i was never able to understand this topic but you helped me a lot! now i feel confident doing this question in the exam, thank you soo much sir!!!

[@rachelk.9708]

Thanks to you, I’m able to understand my assignment for management class! ☺️ so glad that I found this video!

[@fernandohuamani4632]

Very methodological, clear Englsh for non-native speakers, academically organized and very understandable, thanks fro making this great video

[@snazzysammi87]

I am doing homework on Decision Trees and neither the textbook nor the homework solutions manual made sense. Your video? An absolute gem! Thank you so much!

[@joshemman]

Glad to hear. Thanks for dropping a note.

[@edutechguruengineeringlear4280]

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[@gilbertsamuel2144]

This guy is better than netflix

[@AliKhan-cj3ee]

you're a gift from god Josh, i hope you have a wonderful day, thanks for the amazing explanations

[@joshemman]

I appreciate that! Thanks for dropping a note.

[@LTJADAN]

Best explanation of decision trees, I have to self study (online classes).

[@astroseeker4862]

Excellent Explanation. Lot Better than some of Top MGM Schools, who take lot of money teach less. GOD BLESS YOU, JOSHUA..!!! - AVS

[@tuchevera]

Your videos are amazing and to the point! Thank you very much!

[@zanemckinnon5115]

Hi Joshua. Thank you for posting. Your videos are brilliant, you simplify well and your videos provide a great understanding of the topic. Thanks for sharing

[@theena]

Thank you. That was a week's worth of lectures you solved in three minutes.

[@olaoluwamann4187]

Wow, you took 3 minute to explain what my prof spent hours on. Thanks a milli

[@ruturajpatwardhan9133]

Superb explanation of this large concept in only 3 MIn. Thanks for it.

[@yadahventures2347]

Thanks a million. You are a very good teacher

[@anabiyashaikhandanayahshai4783]

Hatts off ,, greater explanation,, simple and easy to understand,,thank you so much

[@phanurutpeammetta2066]

Omg! perfect tutorial we all are looking 4! great job man!

[@thinkfree5008]

Thank you Emmanuel! you are a life saver!!

[@dagmawitmersha7273]

Soooo helpful why can't teachers teach this simply

[@severegorilla3574]

You are an absolute beauty. This made everything so simple. Thanks Joshua

[@ishakawade9100]

Gr8 awesome no words I was wasting so much of time wandering wheni got here thanks a ton thalaiva

[@anongmarion2680]

Wow..
Very short and concise.
Thank you for this video

[@joshemman]

Glad it was helpful!

[@MrDutmand]

Thank you for the explanation! Now, I know how to apply a Decision Tree. Keep up the good work!

[@neildbarker]

Clear and concise explanation.Very helpful and much appreciated. Thanks for sharing.

[@afellowzoomer2853]

Thank you my brother you helped me in a short ount of time while i was doin a no. 2

[@lanhuynh8770]

Giảng cái hiểu liền luôn bây ơi, huhu ân nhân là đây

[@ChrisPBacon-yy1fz]

Thank you very much, sir. Nicely explained, very comprehensive and straight to the point. This will surely help my studies🙏🙏

[@thegravityartist]

You just made life easier! Thanks for the simple and helpful explanation.

[@alaasalah8986]

thank you so much sir for this brief but effective explanation. your videos are wonderful!!!

[@eugeneabbey1947]

Wow, i love your style of explanation. Though I never sat down to learn this, I perfectly understand it and even solved a couple of questions in my quiz . Thanks man

[@wasiuakintundeyusuf5335]

Thank you so much for the explanations, I found my teaching of rational decisions among alternative courses of actions easy for the undergraduate students. It also affords my students in game theory class the opportunity to understand better. Great job, really grateful

[@williamdannenmaier3905]

This is a very nice and clear presentation. I will refer my students to it who need another voice explaining the concept. Thank you Joshua.

[@ahmedhumoud5760]

One of the most enjoyable courses I took was decision analysis

[@chinmaysingh6788]

Excellent explanation! 2 Hour lecture in 3 minutes.

[@chandamalakamalakararao2500]

AP is so
calm and cool . Jagan , you need to worry

[@joguns8257]

Very brilliant presentation. Thanks

[@elishandingo2726]

Thank you Joshua. You have simplified my assigmnet ver well. Aaron Keyella, Tanzania

[@geraldmaina7709]

Short and simple.. thank you

[@muneebch8960]

oh man, you made my day. It's awesome.

[@abubakarhalima2258]

This man is a guru

[@tlotlegopheko7744]

Wow you're the best. May the Lord greatly bless you

[@opeyemiodusami6507]

You are really good.
I wish I knew you in my undergraduate days. Well, it's better late than never.
Thank you

[@calzirongaming1332]

Straight to the point. Thanks man!

[@masonsaldana]

...my literal words after your video ended "thanks for explaining!"

[@pattarinindahood4646]

Wow easy to understand and concise, thank you

[@nehachavda4753]

Extremely helpful 👍

[@sayantanmaiti2513]

Short and to the point.. Big thanks

[@collentaruwona856]

Quite awesome and helping

[@MrAbdGHA]

Thank you for the simple and clear explanation..

[@caramel_mochi8609]

I only have 15 minutes left before class starts and this really helped me understand a bit about Decision Tree. Thank you very much~!!
Now I need to go! Lmao

[@atikholid4376]

thank you so much Joshua.

[@joshemman]

You're welcome, Ati.

[@karlaj9233]

ok I understand it now. Thank you!

[@oennis1644]

This was so clear and helpful thank u

[@elizabethanefu7392]

This was so helpful. Thanks a lot

[@graciousmunkombwe3728]

Really helpful!!!!!

[@jenyaz1303]

Thank you! Great videos

[@Puriercoto]

Can't thank you enough. You're amazing.

[@livio3038]

Thank you soo much, this is way better than my class lecture!

[@littlegio4376]

great video !

[@rajp.674]

Great video!! Thank you

[@surajkuramvanshi6383]

Thank u so much its save my time for the assignment

[@EA-806]

Very, very well done! Thanks a lot!

[@dgfcl56ify]

Wonderful, thank you!

[@kevinzhu9171]

Thanks Emanuel! This video is really helpful!

[@MegaDonGallo]

Super. So concise.

[@farhiaabdullahi6327]

Thank you l understood clearly

[@ColorTheClassic4K]

Amazing work man. May God bless you.

[@ife5237]

Thanks. This was very helpful

[@AbiMaulanaSugiartono]

Oh my goodness thank you sir, i understand now

[@pavithrayogarajah1666]

Hi ,, you explained very well and I can understand very quickly. Can you make a video for utility theory in decision making?

[@PulseOfPm]

you are awesome. thanks for the vid. cheers

[@joshemman]

Thank you! Cheers!

[@benjaminmeek1091]

Great explanation, thanks!

[@KisemboPhysicsAndMath]

Thanks Emanuel. This was helpful

[@WhitleyJonee]

yes you helped me just in time have a quiz in a hour... subscribe hopefully your channel has all the materials my class will cover.. excellent job in explaining :)

[@leska1093]

Thank you professor

[@taylorfoote5440]

Be my professor please

[@blade3336]

you are the best man

[@mvuselelo8917]

Thank you,

[@muhammadbilal3900]

Brilliant teacher, thnx

[@joshemman]

Thank you! 😃

[@Yusuflolo10]

Great man

[@suchinthaamarasingha4387]

Thank you so much......Superb !!!!

[@omereymencakir]

simple and solid... thanks a lot mate!

[@juo7752]

You are the best. Great job

[@eibreh3]

Incredible...you made it so, so simple Thank you!!!

[@hmadahebshi7933]

Just Wow 👌🏻❤️❤️

[@2gbspace]

God bless Joshua! Thank you so much

[@vax_tz3623]

Thanks a lot sir

[@lindaeze5536]

Could you help out with this problem.
. A large steel manufacturing company has three options with regards to production: (i) produce commercially (ii) build pilot plant (iii) stop producing steel. The management has estimated that their pilot plant, if built, has 0.8 chance of high yield and 0.2 chance of low yield. If the pilot plant does show a high yield, management assigns a probability of 0.75 that the commercial plant will also have a high yield. If the pilot plant shows a low yield there is only a 0.1 chance that the commercial plant will show a high yield. Finally, management’s best assessment of the yield on a commercial -size plant without building a pilot plant first has a 0.6 chance of high yield. A pilot plant will cost N300,000. The profits earned under high and low yield conditions are N12,000,000 and N1,200,000 respectively. Find the optimum decision for the company.

[@joshemman]

Take a look at slides 27 & 28 here: slideplayer.com/slide/3761485/
or page 494 here: books.google.ca/books?isbn=812034278X
You will need one more branch for STOP at the beginning with a payoff of zero.
Please do not ask for questions to be solved here. Comments here are for posted video only. You can email me directly instead. You will find my email address on my channel here.

[@tashikadunston4713]

this is just awesome. keep up the good work

[@117khuram]

Thank you very Much Joshua..!!

[@sarang8207]

THIS MAN IS OP!!!!!!

[@feyerakebeda8317]

VERY NICE!!!!! THANKS

[@agustinasteven1677]

It's short and clear, and mostly understandable, thanks sir, it's helpful

[@managementsciencestudio6471]

Great job!!

[@creamcheese017]

very clearly explained thank you

[@kalumbabwale3729]

Thank you for simplifying this :)