bet365 bonus code indiana helps rational decision-making
January 29, 2021 07:58 Source: "bet365 bonus code indiana Journal" Issue 2101, January 29, 2021 Author: Chen Yutong/Compiled

 bet365 bonus code indiana newspaper’s comprehensive foreign media reports The official website of Bocconi University in Italy recently issued a message,Valentina Bosetti, professor of the University’s Department of Economics、Massimo Marinacci, professor in the Department of Decision Sciences, collaborates with scholars such as Nobel Prize winner Lars Peter Hansen,Conducted a study on how bet365 bonus code indiana can assist policy making during critical periods such as the COVID-19 epidemic。

Researchers believe,Decisions made in response to the epidemic,Uncertainty occurring in the model、In an environment of inter-model uncertainty and intra-model uncertainty。The uncertainty of bet365 bonus code indiana to,A model is a simplification of a complex phenomenon,The model cannot be completely consistent with reality,There must be some errors,If some important variables may be ignored。Uncertainty between models includes both the proliferation of different models,Also includes the fact that the parameters of each model are unknown。The uncertainty within bet365 bonus code indiana to,Even if we have a full understanding of the probabilistic model,It is still impossible to predict the result。

Facing this complicated situation,bet365 bonus code indiana can be of great help。A formal decision problem consists of a set of actions、A set of results and a set of environmental states,And a function that associates results with each combination of behavior and environmental state。Take epidemic response as an example,Conduct includes school closures of varying lengths,Outcomes include benefits and costs of actions,The results also depend on the state of the environment consisting of the epidemic situation and the economic situation。A formal decision rule is a function,It links best practices to observed data。Decision makers can do this,Understand the problem more clearly and avoid confirmation bias、Inference errors discovered by psychological research such as optimism bias。

Marinacci thinks,The government can add a decision analyst to the advisory group,To ensure that policy development is consistent with bet365 bonus code indiana。This not only helps decision-makers understand the sources of all uncertainties when making decisions,It can also help policymakers have a more open and transparent dialogue with the public,Increase public trust。

  (bet365 bonus code indiana/Compiled

Editor: Chang Chang
二维码图标2.jpg
Highly recommended
Latest article
bet365 bonus code indiana

Friendly bet365 bonus code indiana: Official website of bet365 bonus code indiana Academy of Social Sciences |

bet365 bonus code indiana registration number: Beijing Public Network Security No. 11010502030146 Ministry of Industry and Information Technology: Beijing ICP No. 11013869

All rights reserved by China Social bet365 bonus code indiana Magazine. No reproduction or use without permission is allowed

Chief editor’s email: zzszbj@126.com Contact information of bet365 bonus code indiana website: 010-85886809 Address: Floor 11-12, Building 1, No. 15 Guanghua Road, Chaoyang District, Beijing Postal Code: 100026