Training

In this module, a large variety of case-studies concerning different industrial and business sectors are analyzed and discussed. Through these examples, participants actively participate and put into practice all the presented techniques. They practice probability assessment and updating through Bayes theorem; the assessment of an action expected value; the use of utility functions to calculate the expected gain for a given decision; the modelling of decision trees; recognizing the more important and common type of psychological mistakes occurring during the decision process. Participants are encouraged to propose problems and possible applications taken from their own experience and work domain, with the idea of developing them into specific case-studies to be analyzed during or after the courses.

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Henri Poincare

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