2011-2012 Undergraduate Catalog 
    
    Apr 07, 2025  
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2011-2012 Undergraduate Catalog [Archived]

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OMA 460 - Risk and Decision Analysis

3 credits

Description
The course addresses strategies for organizing information and making decisions under conditions of uncertainty and risk. Classical probability techniques and Bayesian analysis are employed. Students practice assessing uncertain quantities and risk, and learn how values, biases, and risk attitudes influence the decision making process.

Prerequisites
BUS 305 or equivalent with a minimum grade of C, or consent of Department Chairperson.

Note
Open to graduate students. Graduate students are required to do additional work of a research nature.


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