March 2013
Beginner
148 pages
3h 18m
English
Content preview from Decision Analysis for ManagersBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Where Did Decision Analysis Come from?
The statistical foundation for DA began in the 1600s when pioneers like Thomas Bayes, Abraham de Moivre, Daniel Bernoulli, and Blaise Pascal developed probability theory and key theorems that are used in the analysis parts of DA. After World War II, John von Neumann, Oscar Morgenstern, Robert Schlaifer, Ronald Howard, Howard Raiffa, and Ralphy Keeney developed theories of rational decision making based on probability and systems analysis. The practical tools we’ll discuss in this book are a result of the fundamental work developed by these men.
Ward Edwards and Detlof von Winterfeldt included a thorough, concise, and interesting history of DA in their book, Decision Analysis and Behavioral Research.5
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.