Category Archives: Decision Making

Beyond Data-Driven Decisions

Posted on September 9, 2024 by decisionmanagementcommunity

This is a title of the article published by Eric Larson today. “Intelligent business leaders are noticing something important: having lots of data doesn’t always mean making good choices. So now, companies are changing how they use data. They’re moving away … Continue reading →

Posted in Decision Intelligence, Decision Making, Decision Modeling | Leave a comment

More about Decision Fairness

Posted on July 25, 2024 by decisionmanagementcommunity

The question “Could we achieve fairness in our automatic decision-making?” continues to be on minds of many decision intelligence partitioners. Jacob Feldman in his new post “How decision models deal with fairness” looks at 7 real-world decision-making applications in development of … Continue reading →

Posted in Decision Intelligence, Decision Making, Fairness | Tagged , | Leave a comment

Making decisions within an uncertain environment

Posted on July 23, 2024 by decisionmanagementcommunity

Warren Powell provided interesting comments the the latest NY Times article “When it comes to math, AI is dumb” that states: “Early computers followed rules. AI follows probabilities. But in mathematics, there is no probable answer, only the right one”. Probabilists … Continue reading →

Posted in Decision Making, Decision Modeling, Uncertainty | Leave a comment

Decision Modeling and Fairness

Posted on July 8, 2024 by decisionmanagementcommunity

Could we achieve fairness in our automatic decision-making? This question was actively discussed in the presentation “How to make optimal decisions (that are unfair, biased and non-objective)” given by Dr. Guido Tack in May of 2024. While Guido used the … Continue reading →

Posted in Algortithms, Decision Intelligence, Decision Making, Fairness, Optimization | 1 Comment

How to Introduce Optimization

Posted on June 22, 2024 by decisionmanagementcommunity

Prof. Warren B. Powell published a new book “A Modern Approach to Teaching an Introduction to Optimization“. He states: “Optimization should be the science of making the best decisions we can… The vast majority of optimization problems are used to make … Continue reading →

Posted in Decision Making, Optimization | Leave a comment

Daniel Kahneman

Posted on March 28, 2024 by decisionmanagementcommunity

Daniel Kahneman, a psychologist who won a Nobel Prize in economics for his insights into how ingrained neurological biases influence decision making, died Wednesday at the age of 90. Link Read “Thinking, Fast and Slow” for free.

Posted in Decision Making, Scientists | Leave a comment

Focus on Decision-Making Under Uncertainty

Posted on March 24, 2024 by decisionmanagementcommunity

Meinoff Sellmann, a well-known expert in Operation Research (OR), gives this advice: “No surfer has ever surfed a wave by paddling to a place where others are already surfing the tube. In 2024, generative AI is the latest fashion. And … Continue reading →

Posted in Artificial Intelligence, Decision Making, Optimization, Uncertainty | Leave a comment

Decision-makers behind the curtain

Posted on March 3, 2024 by decisionmanagementcommunity

Cassie Kozyrkov: When it comes to AI, which part am I most concerned about? The decision-maker behind the curtain. Forget creepy robots — if there’s anything to fear, it’s human negligence. Most people think of AI as a tool for … Continue reading →

Posted in Artificial Intelligence, Decision Making | Leave a comment

Gartner: “Decision-Centric” is surpassing “Data-Driven”

Posted on December 5, 2023 by decisionmanagementcommunity

Gartner predicts that by 2028, 25% of chief data and analytics officer vision statements will become “decision-centric,” surpassing “data-driven” slogans, as human decision-making behaviors are modeled to improve data and analytics. Data alone doesn’t change decision-making behaviors, unless it is … Continue reading →

Posted in Decision Intelligence, Decision Making, Trends | Tagged , | Leave a comment

Decision-making under uncertainty

Posted on December 3, 2023 by decisionmanagementcommunity

Making decisions under uncertainty is hard. The best course of action can be very counter-intuitive. Meinolf Sellmann provided a good example that illustrates this. His article “A Tale of Two Coffees” showcases a tool that cuts through the uncertainty, even … Continue reading →

Posted in Decision Making, Uncertainty | Leave a comment