Lynn Rasmussen is deciding what sports car to purchase. In reflecting about the situation, it becomes obvious

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Lynn Rasmussen is deciding what sports car to purchase. In reflecting about the situation, it becomes obvious that after a few years Lynn may elect to trade in the sports car for a new one, although the circumstances that might lead to this choice are uncertain. Should trading in the car count as an uncertain event or a future decision? What are the implications for building a requisite model of the current car-purchase decision if trading in the car is treated as an uncertain event? Treated as a decision?
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Making Hard Decisions with decision tools

ISBN: 978-0538797573

3rd edition

Authors: Robert Clemen, Terence Reilly

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