decision theory course
This course equips managers with decision theory tools to handle uncertainty. Build payoff matrices, evaluate risks via EMV and utility, derive probabilities from market data, model profits from price, cost, and demand, and deliver precise strategic advice balancing gains and protections.

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, modeling costs, prices, and capacity, and calculating expected monetary value, utility, and non-probabilistic methods. Use market and macro data for probabilities, conduct sensitivity and break-even analyses, and create actionable recommendations from risk trade-offs with clear caveats.
Elevify advantages
Develop skills
- Build payoff matrices to compare strategies amid uncertainty.
- Calculate EMV, utility, and sensitivity for risk-informed choices.
- Convert macro and market data into realistic demand probabilities.
- Model profits linking price, costs, capacity, and demand forecasts.
- Formulate data-driven executive recommendations with explicit caveats.
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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