Dec 21, 2011
This is the introduction (conclusion) to my decision analysis sequence. It covers (much more quickly and less completely) what you would expect to see in a semester-long course on decision making. The posts are:
I'd like to welcome any comments about the sequence here. What parts did I do well? What parts need work? What parts would you like to see expanded (or removed)?
One of the difficulties in posting about a topic like this is that it's foundational: basic, but important to get right. The idea of an expected utility calculation is not new (although the approach I take here may be novel for many of you) and, like I say in the VoI post, there's often more benefit in applying the process to examples than repeatedly talking about the process. The case studies I have access to, though, are not ones I can publish online, and I don't think I can construct an example that would work as well as a real one. Do people have problems they would like me to analyze with this framework as examples?