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Decision Analysis and
Value of Information

Analyze the decisions that shape lives and organizations

Explore the foundations of decision quality and how to use a rigorous analytic framework to make better decisions in your personal and professional life. Learn how to overcome the biases that degrade decision making. Use decision analysis to value information and data and apply these concepts to real problems from a variety of industries.


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Presented by a collaboration of the SDG Decision Education Center and our academic partner, Texas Executive Education

  • Description
  • Instructors
  • Earn a Certificate
  • CEU

Most of us were never trained how to make good decisions. A primary reason for this seems to be, as we explore in this course, an unfounded belief that we are naturally good at making decisions. We do it every day, after all. Yet, the research is overwhelming that individuals are prone to many decision-making mistakes, even in simple situations. This problem is even more prevalent when we must make decisions under uncertainty. In this course, we will discuss how you can become better decision makers in both your personal and professional lives.

Benefits

  • Develop tools and mental frameworks that will allow you to deal effectively with uncertainty
  • Revise your beliefs after gathering additional information using proven methods
  • Examine and quantify the value created by gathering additional information
  • Quantify your appetite for risk and how to factor this into your decision making
  • Avoid the pitfalls that can degrade our decision making
  • Think clearly and insightfully about the decisions you face
  • Explore methods to trade off competing value metrics and objectives
  • Guide others in improving their decision making


Prerequisites: None

Delivery Options
  • At UT Austin
  • Online (coming soon)
  • At your workplace

 

 

Eric Bickel
Dr. Eric Bickel is an SDG Fellow and an associate professor at the University of Texas at Austin (UT-Austin), where he is Director of the Graduate Program in Operations Research & Industrial Engineering, and Academic Director of the Strategic Decision and Risk Management Certificate (SDRM) Program. Dr. Bickel also holds courtesy appointments in the Department of Petroleum and Geosystems Engineering and the Energy and Earth Resources graduate program.



James Dyer
Dr. James S. Dyer holds the Fondren Centennial Chair in Business in the McCombs School of Business.. He served as chair of the Department of Information, Risk, and Operations Management for nine years (1988-97).



Brad Powley
Dr. Brad Powley is Senior Consultant at Strategic Decisions Group. He advises clients on corporate strategy, large capital investment decisions, portfolio management, cost and schedule risk analysis, and valuation and decision support for negotiating asset sales and acquisition.



Steve Tani
Steve Tani is a partner and fellow at SDG. A highly experienced professional in decision and risk analysis, he has assisted a wide variety of clients in portfolio management, new business entry strategy, capital investment decisions, and new product planning. He is a coauthor of Handbook of Decision Analysis (Wiley, 2013)



The Strategic Decision and Risk Management Certificate Program provides executives and mid-career professionals with the concepts and advanced knowledge to make high-quality decisions and embrace risk and uncertainty for competitive advantage. The certificate is a recognition that you have the advanced skills to lead decision making in your organization. Earn the SDRM certificate by completing six 2½-day classes.

SDG is pleased to collaborate with The University of Texas at Austin to offer the SDRM certificate.

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This course is ideal for those seeking continuing education units (CEUs) or continuing professional education units (CPEs) to maintain or advance your professional skills. Participants earn 1.75 CEUs and/or 17.5 CPEs for this course.