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decision theory course

decision theory course
from 4 to 360h 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 expected monetary value, expected utility, and non-probabilistic measures. Utilise macro and market data for probability estimation, conduct sensitivity and break-even analyses, and convert intricate risk trade-offs into clear, actionable strategies with defined limitations and evidence-based actions.

Elevify advantages

Develop skills

  • Build decision models with payoff matrices to evaluate strategies amid uncertainty.
  • Perform risk assessments via EMV, utility calculations, and sensitivity testing for robust choices.
  • Convert market and macro data into realistic probability distributions for demand forecasting.
  • Model profitability by integrating price, costs, capacity, and demand variables.
  • Formulate succinct executive summaries with data evidence, risks highlighted, and next actions.

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 I work for.
SilviaNurse
Great course. A lot of valuable information.
WiltonCivil Firefighter

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