A DECISION SCIENTIST USES A DECISION TREE.

A DECISION SCIENTIST USES A DECISION TREE. Memory from forty years ago says that Howard Raiffa, one of the giants of decision science, once said in class that he had asked Kenneth Arrow, a future Nobel Prize winner, whether he had used a decision tree when he had accepted a position at a different university. Arrow had not. Raiffa said that before taking a different position, he had in fact used a decision tree. And then he had slept on the decision to see whether it felt right. The last step is important.

This entry was posted in Economics. Bookmark the permalink.

Leave a Reply

Your email address will not be published.