Question: 27. What is the difference between decision under uncertainty and risk? Define expected monetary value decision model. How to transform payoffs to regrets? What is

27. What is the difference between decision under uncertainty and risk? Define expected monetary value decision model. How to transform payoffs to regrets? What is the value with perfect information? Why is it different from the expected monetary value ? What is the value with survey information? Please answer question fully for a rating

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