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AAPG Bulletin
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AAPG Bulletin; Year: 2016; Issue: April DOI: 10.1306/10191515063
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Figure 2. (A) Standard decision analysis cycle (after Matheson and Howard, 1968; Bickel and Bratvold, 2008). (B) Pot odds approach, which may enable more efficient decision making. EV = expected commercial value; n = no; Pg = chance of geological success; RoR = rate of return; y = yes.
Figure 2. (A) Standard decision analysis cycle (after Matheson and Howard, 1968; Bickel and Bratvold, 2008). (B) Pot odds approach, which may enable more efficient decision making. EV = expected commercial value; n = no; Pg = chance of geological success; RoR = rate of return; y = yes.