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Q. Show the Traditional decision analysis?
Traditional decision analysis rests on the key assumptions about the type of information available to the decision maker. Powerful Bayesian methods produce a rank of alternative strategies, and in particular, identify the optimum strategy, assuming decision maker has a well characterized system. However, we often have information about policy process different from that assumed by traditional decision analysis. For instance, while making politics we find policy process often displays regions of extreme sensitivity to a particular assumption while at the same time exhibit important regularities of the macroscopic behaviour.
An alternative to systematic policy analysis, practitioners have often used scenario based methods of decision support. This method can help decision or policy makes recognize that the future may not be an extrapolation of the past and can help interest group reach consensus on strategies even when members cannot agree on most likely future. However, even this scenario based approach does not offer two key benefits of quantitative decision analysis; particularly when applied to policy process.
You can choose any one from the four topics listed in the following: I. Health economic theory and practice 1. Based on your work experience, expertise, or the field
Q. Show the Redistribution Policy? We know that despite policy interventions the disparity of income has been increasing in nearly all the countries. United States is highly un
According to estimates by Goolsbee and Petrin (2004), the elasticity of demand for basic cable service is ?0.51, and the elasticity of demand for direct broadcast satellites is ?7.
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Problem 1: "The public sector needs to be reformed so as to meet the challenges of the day." With special reference to Mauritius, discuss the challenges that the public sect
Write a short note on product mix efficiency?
examine the efficiency of quantitative credit control instruments.
three basic economics difference between them and definations
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