Foundations of Decision Analysis
This two-and-a-half-day course will present the basic foundations of decision making under uncertainty. The course will illustrate the benefits of using a sound decision making system built on the axioms of rational thought and the good practices that may induce quality decisions in enterprises. The course will also discuss cognitive and motivational biases in decision making; the elements of decision quality; the difference between direct and indirect values, framing a decision, and the notion of an enterprise decision culture.
What you will gain:
- Develop the skills necessary for quality decision making in the face of uncertainty
- Understand fundamental distinctions in decision making including decisions vs outcomes, the frame of a decision, and elements of its quality
- Learn common decision traps and the cognitive and motivational biases in decision making
- Determine the implications of having an enterprise decision culture
Interested in providing a customized offering of this course to your organization?
Published on July 11th, 2017
Last updated on April 11th, 2023