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Unit 5: Mechanics of Simulation, Video 3: Outcomes and Target Curves
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MIT IDS.333 Risk and Decision Analysis, Fall 2021 - Unit 5: Mechanics of Simulation, Video 3: Outcomes and Target Curves

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MIT IDS.333 Risk and Decision Analysis, Fall 2021 Unit 5: Mechanics of Simulation, Video 3: Outcomes and Target Curves

Unit 5: Mechanics of Simulation, Video 3: Outcomes and Target Curves Transcript and Lesson Notes

MIT IDS.333 Risk and Decision Analysis, Fall 2021 Instructor: Richard de Neufville View the complete course: https://ocw.mit.edu/courses/ids-333-risk-and-decision-analysis-fall-2021/ YouTube Playlist: https://www.youtube

Quick Summary

MIT IDS.333 Risk and Decision Analysis, Fall 2021 Instructor: Richard de Neufville View the complete course: https://ocw.mit.edu/courses/ids-333-risk-and-decision-analysis-fall-2021/ YouTube Playlist: https://www.youtube

Key Takeaways

  • Review the core idea: MIT IDS.333 Risk and Decision Analysis, Fall 2021 Instructor: Richard de Neufville View the complete course: https://ocw.mit.edu/courses/ids-333-risk-and-decision-analysis-fall-2021/ YouTube Playlist: https://www.youtube
  • Understand how dubbedwithaloud fits into Unit 5: Mechanics of Simulation, Video 3: Outcomes and Target Curves.
  • Understand how excel fits into Unit 5: Mechanics of Simulation, Video 3: Outcomes and Target Curves.
  • Understand how flexibility fits into Unit 5: Mechanics of Simulation, Video 3: Outcomes and Target Curves.
  • Understand how ids-333-risk-and-decision-analysis-fall-2021 fits into Unit 5: Mechanics of Simulation, Video 3: Outcomes and Target Curves.

Key Concepts

Full Transcript

MIT IDS.333 Risk and Decision Analysis, Fall 2021 Instructor: Richard de Neufville View the complete course: https://ocw.mit.edu/courses/ids-333-risk-and-decision-analysis-fall-2021/ YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP62jwhTqp8_1kwrkDkxZhpQC Simulation produces a distribution of possible outcomes. This is conveniently shown as a Cumulative distribution Target Curve. This video has been dubbed using an artificial voice via https://aloud.area120.google.com to increase accessibility. You can change the audio track language in the Settings menu. License: Creative Commons BY-NC-SA More information at https://ocw.mit.edu/terms More courses at https://ocw.mit.edu Support OCW at http://ow.ly/a1If50zVRlQ We encourage constructive comments and discussion on OCW’s YouTube and other social media channels. Personal attacks, hate speech, trolling, and inappropriate comments are not allowed and may be removed. More details at https://ocw.mit.edu/comments.

Lesson FAQs

What is Unit 5: Mechanics of Simulation, Video 3: Outcomes and Target Curves about?

MIT IDS.333 Risk and Decision Analysis, Fall 2021 Instructor: Richard de Neufville View the complete course: https://ocw.mit.edu/courses/ids-333-risk-and-decision-analysis-fall-2021/ YouTube Playlist: https://www.youtube

What key concepts are covered in this lesson?

The lesson covers dubbedwithaloud, excel, flexibility, ids-333-risk-and-decision-analysis-fall-2021, simulation.

What should I learn before Unit 5: Mechanics of Simulation, Video 3: Outcomes and Target Curves?

Review the previous lessons in MIT IDS.333 Risk and Decision Analysis, Fall 2021, then use the transcript and key concepts on this page to fill any gaps.

How can I practice after this lesson?

Practice by applying the main concepts: dubbedwithaloud, excel, flexibility, ids-333-risk-and-decision-analysis-fall-2021.

Does this lesson include a transcript?

Yes. The full transcript is visible on this page in indexable HTML sections.

Is this lesson free?

Yes. CourseHive lessons and courses are available to learn online for free.

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