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Title

Decisions, Uncertainty, and All That: Simulate--If You Must!
Author

Robert J. Korsan
Journal / Anthology

The Mathematica Journal
Year: 1994
Volume: 4
Issue: 3
Page range: 63-69
Description

Simulations can be a useful tool to simplify the solution of decision problems. However, as typically practiced, simulation often leads to improperly formulated models. This article outlines how to use some of Mathematica's statistics packages to help solve event-contingent decision problems by simulation and symbolic methods.
Subjects

*Applied Mathematics > Optimization
*Mathematics > Probability and Statistics
URL

http://www.mathematica-journal.com/issue/v4i3/