What Is the Purpose of Sensitivity Analysis in Decision Theory

question 63

Essay

What is the purpose of sensitivity analysis in decision theory?

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Definitions:

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by feelings of prejudice towards other groups.

Cultural Relativism

The principle of understanding and judging a culture by its own values and standards rather than applying the standards of another culture.

Ethnocentrism

Ethnocentrism is the belief in the inherent superiority of one's own ethnic group or culture, often accompanied by prejudice or discrimination against other groups.

Cultural Relativism

The principle that an individual's beliefs and activities should be understood by others in terms of that individual's own culture.