Decision analysis at the crossroads

Article Abstract:

Expected utility (EU) theory and software based on it can be used to analyze decision making problems provided the analysis incorporates the relevant consequences of all alternatives. Some researchers now doubt the applicability of EU theory, which holds that decisions must follow three principles: ordering, independence and continuity. However, EU remains the most valuable decision making model so long as it is combined with the idea of consequentialism or the study of alternative outcomes. Decision making strategies that attempt to compute consequences are included.

Decision-making, Decision making, Analysis, Evaluation, Decision theory, Utility theory, Utility functions

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Do it yourself: Top hats

Article Abstract:

The steps involved in making a hat attractive are presented. The materials required consist of a wide-brim fedora with grosgrain ribbon trim, sharp scissors, needle and thread, straight pins and a one-yard of three-inch-wide trim.

Hat, Cap, and Millinery Manufacturing, Hats, Caps & Millinery, Fashion, Materials, Decoration and finishing, Hats

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A changing market?

Article Abstract:

Boat salespeople report slow sales in medium-priced boats and higher sales in boats priced less than $200,000 or more than $2 million. Used boats up to $100,000 are selling very well, while large boats are selling poorly.

Statistics, Boats and boating, Boating, Boats

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