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Decision Analysis I Foundations of Decision Analysis

Course Id
MS&E 252
Career
Coherent approach to decision making, using the metaphor of developing a structured conversation having desirable properties, and producing actiona...
Coherent approach to decision making, using the metaphor of developing a structured conversation having desirable properties, and producing actional thought that leads to clarity of action. Socratic instruction; computational problem sessions. Emphasis is on creation of distinctions, representation of uncertainty by probability, development of alternatives, specification of preference, and the role of these elements in creating a normative approach to decisions. Information gathering opportunities in terms of a value measure. Relevance and decision diagrams to represent inference and decision. Principles are applied to decisions in business, technology, law, and medicine. See 352 for continuation.
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Open for enrollment
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