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MS&E 152: Introduction to Decision Analysis

How to make good decisions in a complex, dynamic, and uncertain world. People often make decisions that on close examination they regard as wrong. Decision analysis uses a structured conversation based on actional thought to obtain clarity of action in a wide variety of domains. Topics: distinctions, possibilities and probabilities, relevance, value of information and experimentation, relevance and decision diagrams, risk attitude. Prerequisites: high school algebra and basic spreadsheet skills.
Terms: Spr | Units: 3-4 | UG Reqs: GER:DB-EngrAppSci, WAY-AQR, WAY-FR
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