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decision theory course

decision theory course
4 to 360 hours of flexible workload
certificate valid in your country

What Will I Learn?

Gain practical skills in decision theory by constructing payoff matrices, modelling costs, prices, and capacity, and calculating EMV, expected utility, and non-probabilistic metrics. Utilise macro and market data for probability estimation, conduct sensitivity and break-even analyses, and convert intricate risk trade-offs into succinct, actionable strategies with defined caveats and evidence-based actions.

Elevify Advantages

Develop Skills

  • Build decision models using payoff matrices to evaluate strategies amid uncertainty.
  • Perform risk assessments with EMV, utility calculations, and sensitivity analysis for robust decisions.
  • Derive probabilities from macro and market data to create realistic demand forecasts.
  • Model profits by integrating price, costs, capacity, and demand to predict financial results.
  • Develop executive summaries with data-supported recommendations and explicit risk qualifiers.

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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The course was essential to meet the expectations of my boss and the company I work for.
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Great course. Lots of valuable information.
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