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McCombs School of Business

Decision and Risk Analysis

Available dates

Nov 13—14, 2019
2 days
Austin, Texas, United States
USD 2950
USD 1475 per day

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About the course

Explore the foundations of decision quality and how to use a rigorous analytic framework to make better decisions in your personal and professional life.

Most of us were never trained how to make good decisions. A primary reason for this seems to be, as we explore in this course, an unfounded belief that we are naturally good at making decisions. We do it every day, after all. Yet, the research is overwhelming that individuals are prone to many decision-making mistakes, even in simple situations. This problem is even more prevalent when we must make decisions under uncertainty. In this course, we will discuss how you can become better decision makers in both your personal and professional lives.

Strategic Decision and Risk Management

Clarify problems, explore available options, develop a structured framework, understand the impact, and commit to your choice.

Two Day Concentrated Program

Registration begins at 8:00 a.m. and class runs 8:30 – 4:30 both days with a one-hour networking lunch included.

Austin, Texas

Enjoy proximity to the vibrancy of the campus and downtown Austin, and the innovative, business-friendly environment of the city.

Benefits

  • Develop tools and mental frameworks that will allow you to deal effectively with uncertainty
  • Revise your beliefs after gathering additional information using proven methods
  • Examine and quantify the value created by gathering additional information
  • Quantify your appetite for risk and how to factor this into your decision making
  • Avoid the pitfalls that can degrade our decision making
  • Think clearly and insightfully about the decisions you face
  • Explore methods to trade off competing value metrics and objectives
  • Guide others in improving their decision making

Trust the experts

James Dyer

Dr. James S. Dyer holds the Fondren Centennial Chair in Business in the McCombs School of Business.. He served as chair of the Department of Information, Risk, and Operations Management for nine years (1988-97). During the spring semester of 1999 he was the Philip J. Rust Visiting Professor of Bu...

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Eric Bickel

PhD, Engineering-Economic Systems, Stanford University, 1999 MS, Engineering-Economic Systems, Stanford University, 1994 BS, Mechanical Engineering, New Mexico State University, 1992 Dr. Eric Bickel is Associate Professor and Director of the Graduate Program in Operations Research &am...

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