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decision theory course

decision theory course
from 4 to 360h flexible workload
valid certificate in your country

What will I learn?

Gain practical skills in decision theory by constructing payoff matrices, modelling costs, prices, capacity, and demand. Master computing expected monetary value, expected utility, and non-probabilistic methods. Utilise macro and market data for probability estimation, conduct sensitivity and break-even analyses, and formulate actionable recommendations from complex risk assessments with precise caveats.

Elevify advantages

Develop skills

  • Build decision models with payoff matrices to evaluate strategies amid uncertainty.
  • Conduct risk assessments using EMV, utility, and sensitivity for robust decisions.
  • Derive probabilities from macro and market data to create demand forecasts.
  • Model profits by integrating price, costs, capacity, and demand projections.
  • Develop concise executive summaries with data support and explicit risk warnings.

Suggested summary

Before starting, you can change the chapters and the workload. Choose which chapter to start with. Add or remove chapters. Increase or decrease the course workload.
Workload: between 4 and 360 hours

What our students say

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EmersonPolice Investigator
The course was essential to meet the expectations of my boss and the company where I work.
SilviaNurse
Very great course. Lots of rich information.
WiltonCivil Firefighter

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