Decision analysis

Article summary

Decision analysis (DA) is the discipline comprising the philosophy, methodology, and professional practice necessary to address important decisions in a formal manner. Decision analysis includes many procedures, methods, and tools for identifying, clearly representing, and formally assessing important aspects of a decision; for prescribing a recommended course of action by applying the maximum expected-utility axiom to a well-formed representation of the decision; and for translating the formal representation of a decision and its corresponding recommendation into insight for the decision maker, and other corporate and non-corporate stakeholders.

Key claims

1. date of formation: 1995 — source: Wikipedia · confidence 0.95
2. publication date: 1968 — source: Wikipedia · confidence 0.95
3. publication date: 1977 — source: Wikipedia · confidence 0.95

Discussion questions

1. Summarise the article in your own words. Which single claim would you verify first, and why?
2. The record states that the date of formation is "1995". What evidence would count against this claim?
3. The record states that the publication date is "1968". What evidence would count against this claim?
4. The record states that the publication date is "1977". What evidence would count against this claim?
5. Which claim in this article is most likely to be revised as the sources update? How would you check its current status?
6. If two sources disagreed about one of these facts, what would you need in order to trust one over the other?

Bibliography

1. Wikipedia https://en.wikipedia.org/w/index.php?oldid=1374788078