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I was raised to believe in the virtues of Monte Carlo analysis techniques for all things probabilistic. I saw great utility with this approach and even wrote my own Monte Carlo simulator. I came late to Decision Tree analysis, and now have a much deeper appreciation for its merits, believing that each approach has its place. Over the next few newsletters, I intend to point out the strengths and weakness of both approaches, beginning, in this issue, with a quantitative comparison.


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