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Dealing with uncertainty in decision making: the rise of Bayesian networks

4 March 2015 @ 6:30 pm - 8:00 pm


Many decisions we have to take in business operations involve uncertainty. Research from psychology has demonstrated that human beings are very poor at assessing uncertainty and thinking through the implications for outcomes. Improved performance in reasoning in uncertainty can give individuals and businesses a competitive advantage. Bayesian networks allows the representation of interdependencies between uncertain factors using a diagram but also provides the basis for a relatively simple computational model. The lecture is an introduction to Bayesian networks, illustrated by some real examples from Strathclyde University and by freely available software.


Professor Tim Bedford, University of Strathclyde.



4 March 2015
6:30 pm - 8:00 pm


Type of event


IET Teacher Building
14 St. Enoch Square
Glasgow, Scotland G1 4DB United Kingdom
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