Analysis Placebos: The Difference Between Perceived and Real Benefits of Risk Analysis and Decision Models

The authors examine decision analysis methods that merely make people feel better about their decisions with those that produce measurable improvements over time. They find that Monte Carlo simulation is one of the most effective methods for decision and risk analysis.

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The authors examine decision analysis methods that merely make people feel better about their decisions with those that produce measurable improvements over time. They find that Monte Carlo simulation is one of the most effective methods for decision and risk analysis.

Click here to read the article.