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Folding Back in Decision Tree Analysis

Rakesh Sarin and Peter Wakker
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Rakesh Sarin: Anderson Graduate School of Management, University of California, 405 Hilgard Avenue, Los Angeles, California 90024-1481

Management Science, 1994, vol. 40, issue 5, 625-628

Abstract: This note demonstrates that two minimal requirements of decision tree analysis, the folding back procedure and the interchangeability of consecutive event nodes, imply independence.

Keywords: decision analysis; dynamic choice (search for similar items in EconPapers)
Date: 1994
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Citations: View citations in EconPapers (13)

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