Pay off Table:Risk and Uncertainty in Decision Making ( Management Accounting/Performance mgt /pm)

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This video explains the concept of payoff table or Pay off Matrix in Risk and uncertainty (decision making) for management accounting or performance management.I solved question involving the expected value, Maximax, Maximin Minimax regret in the video. Decision, tree, sensitivity Analysis, triple assessment, certainty equivalent are all the methods used in risk and Uncertainty.

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