Payne, John W.

Improving decisions under uncertainty Part II / [electronic resource] : Improving decisions under uncertainty. Part 2 John W. Payne. - London : Henry Stewart Talks, 2011. - 1 online resource (1 streaming video file (67 min.) : color, sound). - Making decisions : getting it right the first time, 2056-4570 . - Henry Stewart talks. Business & management collection. Making decisions. .

Animated audio-visual presentation with synchronized narration. Title from title frames.

Contents: Confirmation and overconfidence biases -- Typical calibration curve for being right -- The gap between confidence and accuracy -- Tools for improving assessments of uncertainty -- Properties of human preferences -- Prospect theory: value properties -- Weighting of values by probabilities -- "Formal" risk analysis process -- Dealing with "risky" options -- Risk management strategies.

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Mode of access: World Wide Web.

3074 Henry Stewart Talks


Decision making.
Risk assessment.
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