Decision Strategies

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.