The expected value of each course of action in a decision tree is determined by starting at the beginning of the tree (the left-hand side) and working toward the end of the tree (the right).

Question

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The expected value of each course of action in a decision tree is determined by starting at the end of the tree (the right-hand side) and working backward toward the beginning of the tree (the left-hand side), a process known as backward induction.

The Expected Value of Each Course of Action in a Decision