Abstract
Decision analysis is one of the few techniques for making economic decisions in an uncertain environment that formally treats both risk exposure and risk attitude. It provides a methodology that allows a decision maker to include alternative outcomes, risk attitudes, and subjective impressions about uncertain events in an evaluation of investments.1
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Ruegg, R.T., Marshall, H.E. (1990). Decision Analysis, Simulation, and Other Techniques. In: Building Economics: Theory and Practice. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-4688-4_17
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DOI: https://doi.org/10.1007/978-1-4757-4688-4_17
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