Decision Making Under Uncertainty: Introduction to Structured Expert Judgment
About this Course
In an increasingly data-driven world, data and its use aren't always all it's cracked up to be. This course aims to explain how expert opinion can help in many areas where complex decisions need to be made. For instance, how can you predict volcano activity when no eruptions have been recorded over a long period of time? Or how can you predict how many people will be resistant to antibiotics in a country where there is no available data at national level? Or how about estimating the time needed to evacuate people in flood risk areas? In situations like these, expert opinions are needed to address complex decision-making problems. This course will show you the basics of various techniques that use expert opinion for uncertainty quantification. These techniques vary from the informal and undocumented opinion of one expert to a fully documented and formal elicitation of a panel of experts, such as the Classical Model (CM) or Cooke's method, which is arguably the most rigorous method for performing Structured Expert Judgment. CM, developed at TU Delft by Roger Cooke, has been successfully applied for over 30 years in areas as diverse as climate change, disaster management, epidemiology, public and global health, ecology, aeronautics/aerospace, nuclear safety, environment and ecology, engineering and many others.Created by: Delft University of Technology
Level: Introductory

Related Online Courses
The prevalence of software, technology and digital services has changed the way that products are being brought to market and has given rise to modern management techniques. In this course, we will... more
The learner will explore sustainable marketing and incorporate the motivations, drivers, and impacts of food innovation to create effective marketing strategies and plans that support the... more
Analytics have revolutionized sport, providing a competitive advantage to organizational decision-making both on and off the field. This course introduces best practices utilized in sport business... more
Visual elements are critical components in effective communication and presentation. The importance of imagery and how it relates to branding, memory recall, and awareness cannot be underestimated.... more
En un mundo Volátil, Incierto, Complejo, Hiperconectado y Ambiguo (VUCHA), los ciclos de negocios e innovación se están reduciendo como nunca antes. El ciclo de vida de las empresas se ha re... more