(It took me a few hours to read through the textbook, and I felt that contained the majority of the value the standard student would get from the class.)
What textbook did you use? Do you know how it compares to other textbooks on the subject? Also, does it include practice problem with answers? It sounds like it could be a useful recourse for those who want more detail, but can't or won't take a full class on it.
Unfortunately, the textbook we used was an unpublished manuscript, and didn't have anything in the way of problems (one of the reasons I was able to finish it so quickly!). Other books I'm aware of on the subject:
Rational Decisions by Binmore is fairly close, but it focuses much more on the philosophical underpinnings of Bayesian decision theory, and is very much not a textbook (it doesn't have problems, and mathematical sections are explicitly marked as optional).
Smart Choices by Hammond, Keeney, and Raiffa is very similar to this sequence, though they s...
This is the introduction (conclusion) to my decision analysis sequence. It covers (much more quickly and less completely) what you would expect to see in a semester-long course on decision making. The posts are:
I'd like to welcome any comments about the sequence here. What parts did I do well? What parts need work? What parts would you like to see expanded (or removed)?
One of the difficulties in posting about a topic like this is that it's foundational: basic, but important to get right. The idea of an expected utility calculation is not new (although the approach I take here may be novel for many of you) and, like I say in the VoI post, there's often more benefit in applying the process to examples than repeatedly talking about the process. The case studies I have access to, though, are not ones I can publish online, and I don't think I can construct an example that would work as well as a real one. Do people have problems they would like me to analyze with this framework as examples?