Decision analysis & multi-criteria
Decision analysis is a set of methods to help people and organizations address challenging decisions more effectively than using simple intuition. It provides tools like decision trees and influence diagrams to help structure problems, multiattribute (multicriteria) methods to handle problems with several often conflicting objectives, quantifying attitudes towards risk, and ways of treating uncertainty using probability distributions.
Do Inuit hunters threaten whale populations?
Population variance, whale fertility and mortality in the absence of hunting are considered in this Analytica model to evaluate the risk to whale populations.
Can California afford its ambitious climate policies?
The State of California uses the PATHWAYS Analytica model to show that it can reach its ambitious target of 50% reduction in GHG emissions by 2030 at reasonable cost.
The deadly pillow fallacy
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.
An optimal Valentine’s date
“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...
Testing hypotheses about causation
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...
Max Henrion awarded 2018 Ramsey Medal for Decision Analysis
The Decision Analysis Society has awarded the 2018 Frank Ramsey Medal to Max Henrion, the society’s highest award.
