(eCornell) Risk Attitudes and Key Assumptions in Utility Theory
Training Provider: GENASHTIM
Course Reference: TGS-2023038183
S$700
About This Course
In this course, you will examine how risk attitudes and utility theory also impact your decision analysis. You will identify how risk attitudes are related to several axioms and paradoxes. You will also use utility theory to devise a model for quantifying subjective inputs to a decision then apply these additional considerations to a decision tree framework. The course is provided by eCornell in partnership with Genashtim.
What You'll Learn
Be a critical consumer of how risk attitudes are elicited and computed then incorporate them into decision analysis
Link the use of risk attitudes to utility axioms and paradoxes to frame decisions
Use utility theory to devise a model for quantifying subjective inputs to a decision
Balance conflicting fundamental objectives and additive utility for evaluation problems to quantifying subjective inputs to a decision
Balance conflicting objectives within multi-attribute utility models with interactions to apply these additional considerations to a decision tree framework
Link the use of risk attitudes to utility axioms and paradoxes to frame decisions
Use utility theory to devise a model for quantifying subjective inputs to a decision
Balance conflicting fundamental objectives and additive utility for evaluation problems to quantifying subjective inputs to a decision
Balance conflicting objectives within multi-attribute utility models with interactions to apply these additional considerations to a decision tree framework
Course Details
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Note: To apply for this course, visit the SkillsFuture website or contact the training provider directly.
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