Discover how game theory strategies improve decision-making in business, finance, and economics. Enhance your analytical skills with real-world applications.

Decision analysis looks at the paradigm in which an individual decision maker (or decision group) contemplates a choice of action in an uncertain environment. The theory of decision analysis is ...

Should defendants be convicted based on merely statistical evidence? To what extent are individuals responsible for group harms? Can voting in a non-swing state be justified? Are cosmological theories ...

Over the past several decades, organizations have invested vast resources in data infrastructure to improve decision success, but the results are mixed. A new approach called “decision-back” flips the ...

Decision trees, influence diagrams, the value of information; Bayesian approaches, including conjugate and predictive distributions; utility theory foundations, risk preference, multiattribute utility ...