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(eCornell) Accounting for Subjectivity and Valuing Information

Name: (eCornell) Accounting for Subjectivity and Valuing Information
Price: 700 SGD

Training Provider: GENASHTIM

Course Reference: TGS-2023038182

S$700

About This Course

In this course, you will analyze the processes and theories you must consider as you begin to explore the subjectivity of objectivity in decision making and how they are related. You can potentially elicit subjective expertise to get a sense of the demand for a certain approach. You can also think about the overall riskiness of your potential choice as you deliberate over options. And there are biases and heuristics that may affect your decision. This all points to the importance of understanding the value of information and how it might influence your decisions. The course is provided by eCornell in partnership with Genashtim.

What You'll Learn

Identify where subjectivity may affect quantitative decision analysis and explore how to turn the subjective into objective analysis
Elicit subjective probabilities from expert analysis to move toward an objective decision
Assess existing guidelines and challenges when eliciting subjective probabilities
Examine the value of perfect information versus imperfect information while conducting a perfect-information analysis to quantify the value of additional information then applying these additional considerations to a decision tree framework