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The University of Massachusetts Amherst

Decision Analysis


"No matter what type of job you get when you leave the ResEc family, you will need to be able to make good decisions using numbers. Some of you will get jobs performing analysis, while some of you will need to judge the credibility of the analysis done by others. The goal of this class is to introduce you to decision analysis. Decision Analysis covers how to best make decisions in an uncertain world. Topic include belief formation and updating, logical decision making and avoiding common decision errors, and appropriate information gathering. This course contributes to the quantitative sequence by further reinforcing how numbers can help us make good decisions and by improving the student's technical skills related to probabilities. The course contributes to the theoretical sequence by focusing on logical and consistent decision-making and an understanding of behavioral biases that can adversely affect decision-making.
Course Details

Fall 2021


RES-ECON 211 or 212 or STATISTC 240
Base Cost: $1,446 ($482/credit)
Term Fee: $50
Start date: Sep 01, 2021
End date: Dec 08, 2021
Last day to add: Sep 08, 2021
Last day to drop: Sep 08, 2021
Last day to withdraw: Oct 28, 2021