Saturday, June 11, 2011

Science of Decision Making book and the many tools to optimize a decision

One of the great benefits of blogging is stating a goal and using your public announcement to motivate you to finish the goal. If the writer (me) does not accomplish the goal, it's embarrassing and becomes rather boring blogging. Hence my first post is about my goal to complete the work within the book The Science of Decision Making: A Problem-Based Approach Using Excel. Only in my case, I am looking to process the examples in both Excel and the program GNU Linear Programming Kit.

So why do I want to do this ? In my past experience with computer security I found a lot of peers, journals, and experts talked about risk, but few could talk about risk in a similar manner to an insurance actuary. Many expert technology companies and government institutions have a difficult time determining risk and making optimal decisions. I do not make any claims that I am any better at making decisions than the management of these organizations at this time. My interest is building skills that could give me the ability to determine security risks in a similar pattern to an insurance company. I am hoping that these skills will give me an advantage in any complex decision I need to make. At very least, I can use the book's content to build decision making skills in a way that is rational and provable. Of course if data collection and life was perfect, I could use these skills to solve every problem thrown at me like Charlie Eppes in the TV show Numb3rs, but the realistic goal would be to match the accuracy of insurance companies for IT security or other complex decisions.

No comments:

Post a Comment