Resources Repository
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Tutorial/PrimerWeb Portal, Teaching Resource 2015Decision Theory
This chapter on normative decision theory is from the Stanford Encyclopedia of Philosophy, a dynamic reference …
This chapter on normative decision theory is from the Stanford Encyclopedia of Philosophy, a dynamic reference work available online. Decision theory is concerned with the reasoning underlying an person's choices, whether a mundane choice between taking the bus or getting a taxi, or a more far-reaching choice about whether to pursue a demanding political career. The orthodox normative decision theory, expected utility (EU) theory, essentially says that, in situations of uncertainty, one should prefer the option…
Decision Theory | Preferences/Values | Economics/Finance | Graduate | Doctoral | Critical Thinking/Analysis | Quantitative Literacy -
Tutorial/PrimerPublication, Teaching Resource 2014Decision Theory: A Formal Philosophical Introduction
Decision theory is the study of how choices are and should be made in a …
Decision theory is the study of how choices are and should be made in a variety of different contexts. The author approaches the topic from a formal-philosophical point of view with a focus on normative and conceptual issues. After considering the question of how decision problems should be framed, he examines both the standard theories of chance under conditions of certainty, risk and uncertainty and some of the current debates about how uncertainty should be measured and how…
Decision Theory | Preferences/Values | Economics/Finance | Doctoral | Critical Thinking/Analysis | Quantitative Literacy -
Tutorial/PrimerPublication, Teaching Resource 1994Decision Theory: A Brief Introduction
Decision theory is theory about decisions. The subject is not a very unified one. To …
Decision theory is theory about decisions. The subject is not a very unified one. To the contrary, there are many different ways to theorize about decisions, and therefore also many different research traditions. This text attempts to reflect some of the diversity of the subject. This text, by Sven Ove Hansson, is a non-technical overview of modern decision theory. Its emphasis lies on the less (mathematically) technical aspects of decision theory. It is intended for university students…
Decision Theory | Preferences/Values | Economics/Finance | Graduate | Doctoral | Critical Thinking/Analysis | Quantitative Literacy -
Online LearningWeb Portal, Teaching Resource 2018Fat Chance: Probability from the Ground Up
This is an introductory edX course in probability. Created specifically for those who are new …
This is an introductory edX course in probability. Created specifically for those who are new to the study of probability, or for those who are seeking an approachable review of core concepts prior to enrolling in a college-level statistics course, this course develops a mathematical mode of thought over rote memorization of terms and formulae. Through visual lessons and guided practice, this course explores the quantitative reasoning behind probability and the cumulative nature of mathematics…
Probability/Bayes | Middle School | High School | College | Quantitative Literacy -
Tutorial/PrimerPublication, Teaching Resource 2017Discrete Choice Experiments: A Guide to Model Specification, Estimation and Software
This is a user guide on the analysis of data (including best-worst and best-best data) …
This is a user guide on the analysis of data (including best-worst and best-best data) generated from discrete-choice experiments (DCEs), comprising a theoretical review of the main choice models followed by practical advice on estimation and post-estimation. Authors also provide a review of standard software. Authors argue that choice of modelling approach depends on the research questions, study design and constraints in terms of quality/quantity of data and that decisions made in relation to analysis of…
Preferences/Values | Health Outcomes | Decision Analysis | Economics/Finance | Health/Medicine | Graduate | Doctoral | Professional | Quantitative Literacy -
Online LearningVideo, Teaching Resource 2023Khan Videos: Conditional Probability
These three videos, produced by Khan Academy, focus on conditional probability. Conditional probability with Bayes' …
These three videos, produced by Khan Academy, focus on conditional probability. Conditional probability with Bayes' Theorem (~5 min). Created by Brit Cruise, this video presents conditional probability visually using trees. Conditional probability and independence (~4 min). This video uses conditional probability to see if events are independent or not. Conditional probability tree diagram (~11 min). This video uses a tree diagram to work out the following conditional probability question: If someone fails a drug test, what is the…
Probability/Bayes | Health/Medicine | Science/Technology | High School | College | Graduate | Quantitative Literacy