decision theory course
This practical Decision Theory course equips managers with tools to handle uncertainty. You'll learn to construct payoff matrices, evaluate risks using EMV and utility functions, derive probabilities from market data, perform sensitivity analyses, and create actionable strategies that weigh potential gains against risks, ensuring informed and balanced decisions.

from 4 to 360h flexible workload
valid certificate in your country
What will I learn?
Gain hands-on skills in decision theory: construct payoff matrices, model costs, prices, and capacity; calculate EMV, expected utility, and non-probabilistic metrics; set probabilities using market data; conduct sensitivity and break-even analyses; and develop precise recommendations with clear risks and next steps.
Elevify advantages
Develop skills
- Build payoff matrices to compare strategies under uncertainty.
- Calculate EMV, utility, and sensitivity for better risk assessment.
- Convert market and macro data into realistic probabilities.
- Model profits by linking price, costs, capacity, and demand.
- Deliver clear, data-driven recommendations with explicit risks.
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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