The Science Of Making Better Decisions Under Uncertainty

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The Science Of Making Better Decisions Under Uncertainty
Published 2/2023
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz
Language: English | Size: 541.33 MB | Duration: 0h 51m

How to sharpen your decision-making skills and get ahead of your competitors

What you'll learn
Identify the main pit-falls and biases when making decisions and learn to avoid them
Develop the mindset and tools to improve the quality of your decisions
Speak the language of uncertainty to make robust decisions
make faster decisions by being able to focus your attention on the minimum information needed to make a good decision
Requirements
You need to be open-minded and willing to revisit your mental models.
Basic notions in mathematics are required.
Description
A surveyed conducted on more than 700 hundreds companies worldwide prooved that there is a high correlation between organizaion's decision abilities and its financial results.Your decision-making skills can really make the difference between you and your competitors.This courses will teach you how to avoid the main pitfalls when making important decisions and present you the scientific approach to decision-making which is key to make rational and robust decisions in a complex and uncertain world.You will discover:- Why intelligence, experience and data are not enough to make good decisions. There is indeed an even more important skill which we will detail in this course.- How the way you think influence the quality of your decisions.- Why decisions based on average values are, on average, bad decisions.- An example of when you should NOT rely on Artificial Intelligence to make important decisions.- Why it is important to update your beliefs and how superforecasters do so.- How simple algorithms can help you improve the quality of your decisions and also learn when not to trust algorithms.Each section treats a different source of errors. You will have access to several short quizzes so you can test yourself.After each quizz, You will have access to a video presenting calibration techniques to help you improve the quality and speed of your decisions.
Overview
Section 1: Introduction
Lecture 1 Introduction
Lecture 2 Why decision-making is important
Lecture 3 Decision-making in the digital age
Lecture 4 The ingredients of a good decision
Lecture 5[Exercice] Thinking about thinking
Lecture 6 The most important decision for any organization
Lecture 7[Exercice] How to update your beliefs
Lecture 8 How to update your beliefs
Lecture 9[Exercice] Dealing with uncertainty
Lecture 10 Dealing with uncertainty
Lecture 11[Exercice] Algorithms for better decisions
Lecture 12 Algorithms for better decisions
Open-minded decision-makers willing to sharpen their decision making skills and get ahead of their competitors.

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