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DelftX: Decision Making Under Uncertainty: Introduction to Structured Expert Judgment

Don't let the absence of data or the lack of appropriate data affect your decision-making. In this introductory course you will discover the theory behind Structured Expert Judgment.

Decision Making Under Uncertainty: Introduction to Structured Expert Judgment
6 weeks
4–6 hours per week
Self-paced
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Free
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Starts Dec 11
Ends Dec 12
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Decision Making Under Uncertainty: Introduction to Structured Expert Judgment

About this course

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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.

At a glance

  • Institution: DelftX
  • Subject: Business & Management
  • Level: Introductory
  • Prerequisites:

    Basic concepts in Probability Theory and Statistics. Links to videos introducing the concepts will be provided.

  • Language: English
  • Video Transcript: English
  • Associated skills: Decision Making, Epidemiology, Uncertainty Quantification, Ecology, Nuclear Safety

What you'll learn

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By the end of the course all learners will be able to:

  • Recognize when and in which settings the Classical Model (CM) can be used for performing Structured Expert Judgment
  • Understand when to account for uncertainty assessments in complex decision-making context when data pose issues
  • Know how CM can be used to analyze expert data and obtain answers to questions of interest
  • Explore an optional IDEA Protocol module, which uses a different method of performing Structured Expert Judgment.

Verified learners will have the added benefit of being able to:

  • Get an in-depth perspective on the CM method theory
  • Access optional modules about dependence elicitation and eliciting probabilities.

Syllabus

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WEEK 1: Why and when to use SEJ?

WEEK 2: Statistical accuracy (calibration) and information score

WEEK 3: Performance-based weights and the Decision Maker

WEEK 4: Data analysis

WEEK 5: Applications of CM

WEEK 6: Practical matters (biases, experts, elicitation)

Learner testimonials

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Sithara Buddhini (Sri Lanka) :
“This course was really helpful and informative in allowing us to understand the method even if we do not have any mathematical background. Just after completing this course, I designed a questionnaire according to the method and got amazing feedback and output. I really like the way this course is delivered, it was really simple to grasp the core. There is more research that is using these methods which are really interesting and powerful for analyzing expert judgments.”

More about this course

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LICENSE

The course materials of this course are Copyright Delft University of Technology and are licensed under a Creative Commons Attribution-NonCommercial-ShareAlike (CC-BY-NC-SA) 4.0 International License.

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Expires on Jan 22, 2024

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