Improving decisions under uncertainty [electronic resource] : Part II / John W. Payne.
Material type:
FilmSeries: Henry Stewart talksBusiness & management collection. Making decisions: Publisher: London : Henry Stewart Talks, 2011Description: 1 online resource (1 streaming video file (67 min.) : color, sound)Other title: Improving decisions under uncertainty. Part 2Subject(s): Decision making | Risk assessmentOnline resources: Click here to access online | Series 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.