Decision analysis & multi-criteria

On the surface it seems absurd that a pillow could cause all that death and disease. But, you should be careful not to let your preconceived beliefs taint your analysis of the data.

If you are like most practitioners of analytics, you went into the field because you are good with numbers, and you want to help people improve the quality of decisions on...

Lumina CEO Max Henrion moderates a panel of decision experts in this Society of Decision Professionals (SDP) webinar on a controversial and critical topic.

“You know, Valentine’s Day reminds me of the optimal stopping problem.” Not sure if this phrase was uttered elsewhere, but, this is the sort of water cooler conversations...

When an exhaustive scrutiny of the model code, the data and more sensitivity analyses don’t reveal why your model isn’t working, you must consider that perhaps it’s your intuition...

In 2002, I developed a statistical framework for testing whether your data provides statistically significant support for the hypothesis that A causes B. I published only one...

The expected value of information (EVI) lets you estimate the value of getting new information that reduces uncertainty. At first blush, it seems paradoxical that you can estimate...

The Decision Analysis Society has awarded the 2018 Frank Ramsey Medal to Max Henrion, CEO of Lumina and originator of …