Resource Economics 313 - Decision Analysis

"No matter what type of job you get when you leave the ResEc family, you will need to be able to make good decisions using numbers. Some of you will get jobs performing analysis, while some of you will need to judge the credibility of the analysis done by others. The goal of this class is to introduce you to decision analysis. Decision Analysis covers how to best make decisions in an uncertain world. Topic include belief formation and updating, logical decision making and avoiding common decision errors, and appropriate information gathering. This course contributes to the quantitative sequence by further reinforcing how numbers can help us make good decisions and by improving the student's technical skills related to probabilities. The course contributes to the theoretical sequence by focusing on logical and consistent decision-making and an understanding of behavioral biases that can adversely affect decision-making.

Open to ENRE (previously RES-ECON) and MGRECON majors. RES-ECON 211 or 212 or Stat240 Students who are unable to enroll in this course because all sections are full can submit a RES-ECON waitlist request. The form can be found here: https://www.umass.edu/resource-economics/advising-0. Once the semester begins, students must contact the instructor to request permission to enroll.