Handbook of Decision Analysis, 2nd Edition

Index

• a
• advocacy decision process  89
• aggregating across experts  75–76
• allocate resources  326, 331–333
• alternative generation  138–143
• alternatives (element of decision quality)  81
• analytical decision process  88
• analytics  2–3, 47
• anatomical decision making  22–23
• artificial intelligence (AI)  151
  • decision making  82–83
  • tools  210
• assess benefits  329–330
• assess costs  328–329
• authentic  198, 211, 248

• b
• backcasting  140
• balance sheet  123
• bandwagon effect  32
• bang‐for‐the‐buck chart  326, 339
• base case  158
• base realignment and closure  11
• basic components of communications  267
• Bayes' Law  42, 43, 280–281
• behavioral decision theory  42, 43
• benefit–cost analysis  253–254, 325–339
• biases
  • anchoring and adjustment bias  32
  • availability bias  32
  • base rate bias  32–33
  • cognitive bias  31
  • comfort zone bias  137
  • confirmation bias  32
  • hindsight bias  33
  • information bias  32
  • motivational bias  29
  • representativeness bias  33
  • self‐serving bias  33–34
• bottom line up front  278
• business knowledge  29
• business unit  252, 297, 303, 339, 342, 347

• c
• capital investment (capex)  259, 349
• cash flow statement  123
• certain equivalent (CE)  245
• certainty illusion  33
• ChanceCalc MonteCarlo  219
• ChatGPT  82, 210
• Chevron  10
• choice rule  44
• clarity test  305–306
• clear, definition  211
• coal chute  273–274
• combined standard  118, 127, 128, 130, 132, 302
• communicating analysis insights  76
• communicating quantitative information  274–275
• communicating with senior leaders  269–272
• communications ...