Two-moment decision model
id:
two-moment-decision-model-301-8743346
title:
Two-moment decision model
text:
In decision theory, economics, and finance, a two-moment decision model is a model that describes or prescribes the process of making decisions in a context in which the decision-maker is faced with random variables whose realizations cannot be known in advance, and in which choices are made based on knowledge of two moments of those random variables. The two moments are almost always the mean—that is, the expected value, which is the first moment about zero—and the variance, which is the second
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wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Two-moment_decision_model
date created:
date modified:
2023-01-26T16:56:34Z
main entity:
{"identifier":"Q7858735","url":"https://www.wikidata.org/entity/Q7858735"}
image:
fields total:
13
integrity:
13