Decision Lab

Choosing under ignorance and under risk

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Setup

Probabilities

Utilities

Mode

Entering numbers

Utilities can be whole numbers, decimals or fractions: 3, −1, 1.5, 7/10. Probabilities can be decimals or fractions: 0.7 or 7/10. Answers you type in Practice can be fractions, or decimals rounded to two places.

Click an option or state name in the matrix to rename it (P, M, R, ¬R…). Type ~ for ¬. Press Enter or click Build to use the new matrix.

Decision matrix

Changed. Press Enter or click Build to use it.

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