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Luxembourg School of Business

Decision-Making Using Data

Oct 24—25, 2019
2 days
Luxembourg City, Luxembourg
EUR 2200 ≈USD 2441
EUR 1100 per day

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Description

As a manager, you are making dozens of decisions that affect the future of your company and your own career. As a human being, your decisions are often probably biased.

Join Dr. Pekec from Duke University and learn how to recognize mind traps and make accurate predictions and decisions by using real-life examples and business case studies insights.

Regardless of the setting, managerial decisions are necessarily made under conditions of uncertainty. In order to make informed decisions under uncertainty, managers must learn to analyze and understand data concerning relevant variables and relationships and to make inferences and predictions on the basis of such data.

Upon completion of this program participants will:

  • Understand data-analysis concepts and learn to interpret and use statistical analyses in decision-making
  • Learn methods for structuring and analyzing complex decisions. Learn how to model risk and uncertainty in the decision-making context
  • Learn how to apply critical thinking in decision-making
  • Develop skills for improving decision-making by avoiding and correcting for cognitive biases
  • Embrace efficient decision-making processes and strategies for reaching optimal decisions in individual and group settings
  • Become an empowered decision-maker and learn how to strengthen decision-making in your organization

Experts

Academic Area: Decision Sciences Teaching / Research Interests Auctions and Market Design; Decision-making in Competitive Environments; Quantitative Methods in Managerial Decision-making (statistics, optimization); Transitional Economies of Central and Eastern Europe Bio Saša Pekeč is an As...