decision theory course
Master decision theory for effective management. Acquire skills to model uncertainty, evaluate risks, construct payoff matrices, and convert market data into clear, assured strategic recommendations that harmonise potential gains with downside safeguards. Delve into expected monetary value, utility functions, sensitivity testing, and crafting executive summaries that drive confident choices amid ambiguity.

4 to 360 hours flexible workload
valid certificate in your country
What will I learn?
This concise Decision Theory Course equips you to construct precise payoff matrices, model costs, prices, and capacity, and calculate expected monetary value, expected utility, and non-probabilistic criteria. Utilise macro and market data to assign probabilities, perform sensitivity and break-even analyses, and transform intricate risk trade-offs into succinct, actionable recommendations featuring explicit caveats and data-informed next steps.
Elevify advantages
Develop skills
- Decision modelling: construct payoff matrices and evaluate strategies under uncertainty.
- Risk assessment: calculate EMV, utility, and sensitivity to inform prudent decisions.
- Market-derived probabilities: convert macro and industry data into demand forecasts.
- Profit modelling: integrate price, cost, capacity, and demand to predict results.
- Executive summaries: produce succinct, evidence-based options with defined limitations.
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.What our students say
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