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Do you tend to make decisions swiftly? Several years ago, a dental consultant observed that I often struggled with indecision. At first, I was surprised—and honestly, a bit disco...
Do you have difficulty choosing between two job offers?
When valuing a private business, every analyst eventually confronts the same question: how do you responsibly account for the future’s uncertainty? Two approaches dominate the conv...
The above sketch shows a decision tree. The circles are uncertainty nodes and the squares are decision nodes. Read the tree from left to right: to start, there is uncertainty of wh...
Jessica writes: I get so tired of people dumping on decision theory because real world decisions are complex. If decision theory is so deeply flawed, I’d love to know what alternat...
A colleague once approached me to discuss a difficult career decision. He had been asked by a very senior person in his organization to consider a new role. Based on his descriptio...
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