Decision Strategies

Course Code
MBAN 503
Hours
2.25 hours
Type
Core
Offered
  • Fall 22 (B)
Prerequisites
MBAN Students Only

Decision Strategies --- Many managerial decisions are increasingly based on analysis using quantitative models. This course will introduce a systematic approach to the value and use of data to make informed decisions. The course will stress fundamental concepts that are important to understand when using data in decision-making; for example the value of historical data (when does the past inform the future, and when not), the value of information (when to gather more, or not), evaluating uncertainty, testing hypotheses with limited information, and understanding the dynamic nature of unfolding information and decision-making.

Taught By
Achyuta Adhvaryu
  • Alexander M. Nick Professor, Associate Professor of Business Economics and Public Policy
Prof. Adhvaryu pursues three interrelated agendas in his research: 1) firm decision-making and the resulting productivity dynamics in emerging...
Uday Rajan
  • David B. Hermelin Professor of Business Administration
  • Professor of Finance
Uday Rajan's research focuses on informational frictions such as adverse selection and moral hazard and their effect on market transactions, with...