Question: In the Dave Armstrong case, we built a quantitative model to help determine the bes action. The reason a quantitative model can help us make
In the Dave Armstrong case, we built a quantitative model to help determine the bes action. The reason a quantitative model can help us make decisions is because: By attaching weights to important characteristics coupled with outcome probabilities and risk provides a decision maker with a balanced quantitative perspective Comparing numbers makes the task of decision making straight forward Quantitative models remove all ambiguity in decision making by ensuring that all variabl for in making the only correct decision Quantitative models are not as effective as utilizing decision tree models Attaching weights to various characteristics forces you to think through the decision
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