Resources Repository
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Lesson/ModuleWeb Portal, Teaching Resource 2011Test is Positive: But What Are the Odds It's Wrong?
This learning module explores real-world applications of probability and statistics in decision-making. It includes a …
This learning module explores real-world applications of probability and statistics in decision-making. It includes a wide range of activities and resources to accompany videos on probability and statistics in diagnostic testing and as evidence in the court of law. These videos aim to help students better understand what questions to ask in order to produce optimal data. Both video-related and alternative practice problems are provided. These activities are recommended to be used together but can…
Government/Law | Probability/Bayes | Test Performance | Health/Medicine | Global | High School | Critical Thinking/Analysis | Decision Making/Leadership | Quantitative Literacy -
Online LearningVideo, Teaching Resource 2010TED Talk. The Art of Choosing
In this talk, Sheena Iyengar challenges three key assumptions of the standard economic model of …
In this talk, Sheena Iyengar challenges three key assumptions of the standard economic model of choice: 1) that it is always in the individual’s best interests to choose for themselves, 2) that more choice are always better, and 3) that we should never say no to choice. In particular, she highlights differences in the way people view choice in the US and in other parts of the world. Iyengar argues that if we were to…
Education/Labor | Decision Psychology | Preferences/Values | Child/Nutrition | High School | College | Graduate | Doctoral | Professional | Critical Thinking/Analysis | Decision Making/Leadership -
BookPublication 2010Problem Solving, Decision Making, and Professional Judgment
This book includes material drawn from statistics, decision science, social and cognitive psychology, the judgment …
This book includes material drawn from statistics, decision science, social and cognitive psychology, the judgment and decision making literature, and behavioral economics. It combines quantitative approaches to empirical analysis and decision making (i.e., statistics and decision science) with the psychological literature illustrating the systematic errors of the intuitive decision maker.
Government/Law | Probability/Bayes | Preferences/Values | Priority Setting/Ethics | Test Performance | Value of Information | Decision Analysis | Cost-Effectiveness Analysis | Policy/Regulation | Health/Medicine | Global | North America -
Online LearningVideo, Teaching Resource 2008TED Talk. Are We in Control of Our Own Decisions?
The field of behavioral economics helps to explain human decision making that would be deemed …
The field of behavioral economics helps to explain human decision making that would be deemed irrational by standard economic models. Dan Ariely begins this talk by presenting visual illusions, followed by the analogy that humans face similar illusions regarding our behavior. He focuses on how setting a “default” option can substantially influence our choices, especially when decisions are complex. He illustrates his points with examples from health and other fields. Access the video. Are We in…
Business/Industry | Decision Psychology | Economics/Finance | Health/Medicine | High School | College | Graduate | Doctoral | Professional | Critical Thinking/Analysis | Decision Making/Leadership -
ArticlePublication 2007Decision Analysis: A Personal Account of How It Got Started and Evolved
In this chapter, Howard Raiffa discusses the evolution of decision analysis and his personal involvement …
In this chapter, Howard Raiffa discusses the evolution of decision analysis and his personal involvement in its development. He describes the early days of Operations Research (OR) in the late 1940s with its approach to complex, strategic decision making. After reading John von Neumann and Oskar Morgenstern’s Theory of Games and Economic Behavior (1947) and Abraham Wald’s two books (1947, 1950), he became involved in statistical decision theory. A few years later, after reading Leonard…
Business/Industry | Decision Theory | Probability/Bayes | Preferences/Values | Decision Analysis | Operations Research | Economics/Finance | Energy/Engineering | Health/Medicine -
ReviewPublication 2006Ethical Issues in Resource Allocation, Research, and New Product Development
Ethical dilemmas arising in setting priorities among interventions and among individuals in need of care …
Ethical dilemmas arising in setting priorities among interventions and among individuals in need of care are most acute when needs are great and resources few. This chapter from the Disease Control Priorities in Developing Countries 2nd edition addresses some of these concerns, identifying some of the principal ethical issues that arise in the development and allocation of effective interventions for developing countries and discussing some alternative resolutions. Resource allocation in health and elsewhere should satisfy two main…
Government/Law | Preferences/Values | Priority Setting/Ethics | Cost-Effectiveness Analysis | Culture/Society | Health/Medicine | Science/Technology -
ReviewPublication 2004Decision Analysis Applications in Operations Research
This article reviews trends and developments in decision analysis applications, based primarily on a survey of …
This article reviews trends and developments in decision analysis applications, based primarily on a survey of decision analysis applications published in the period 1990–2001 in major English-language operations research and closely related journals. It serves as a guide to those interested in recent applications in specific areas or in applications that illustrate the use of particular methods. The authors identify and discuss noteworthy trends in, and developments affecting, published applications, including those in computer software and…
Business/Industry | Decision Analysis | Operations Research | Health/Medicine -
ArticlePublication 2000Discipline of Cost-Benefit Analysis
Cost-benefit analysis is a general discipline, based on the use of some foundational principles, which …
Cost-benefit analysis is a general discipline, based on the use of some foundational principles, which are not altogether controversial, but have nevertheless considered plausibility. Divisiveness increases as various additional requirements are imposed. There is a trade-off here between easier usability (through locked-up formulae) and more general acceptability (through allowing parametric variations). The paper, by Amartya Sen, examines and scrutinizes the merits and demerits of these additional requirements. The particular variant of cost-benefit approach that is…
Government/Law | Preferences/Values | Priority Setting/Ethics | Benefit-Cost Analysis | Culture/Society | Economics/Finance