About Two Minute Decision Tree
Map options, chance events and payoffs left to right; expected values and the best option are worked out for you. Or draw a yes/no flowchart. Free, no account.
“Draw a decision tree for launching now, waiting a year or licensing out, with demand probabilities and payoffs in $m, and show the expected values.”
Yes. Add probabilities and payoffs and every chance and decision node shows its EV; the best option is highlighted.
The standard notation: a square is a decision, a circle a chance event, a triangle an end outcome.
Yes. Leave out the numbers and put Yes or No on each branch: "Yes: Replace the cable" in the outline.
Five levels including the first decision, up to 5 branches per node and 40 nodes in all.