Mathematics
3 posts
From Theory to Practice: Building Real Decision Models with Petersburg
A practical guide to modeling complex decisions with Monte Carlo simulation using petersburg, featuring real case studies from startups and drug development.
Decision Making Under Uncertainty: Lessons from Practice
Explore decision-making under uncertainty using concepts beyond expected value, like the St. Petersburg Paradox and cost of exploration in startups.
Decision Strategies: Beyond Expected Value
An exploration of decision-making strategies that go beyond simple expected value calculations, incorporating concepts of ruin and windfall.