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Keep shoppingDecision Making with Probability & Statistics, Do it Right.
Role Play
8,570 students
Decision Making with Probability & Statistics, Do it Right.
For Good, Data driven Business Decision-Making, and to Avoid Probability and Statistics Misconceptions and Mistakes !
Last updated 6/2026
English
What you'll learn
- What are the common mistakes and misconceptions people make, when using Probabilities in their judgements and decisions ?
- What are the common mistakes and misconceptions people make, when using Statistics and statistical inferences, in their judgements and decisions ?
- What are the Psychological Biases and Fallacies, that make us conclude wrongly, when using Probability and Statistics ?
- How can we try and avoid such pitfalls, mistakes and misconceptions, when using Probability and Statistics in decision making ?
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Course content
7 sections • 58 lectures • 4h 17m total length
Requirements
- High School Math knowledge, of basic Probability and Statistics
Description
Every day, as a Leader or Manager, you make decisions based on data. You read a report. You look at a chart. You trust a number. And you act !
But what if the data was already broken before you looked at it? What if the chart was technically accurate but completely misleading? What if the pattern you spotted was pure randomness, and your brain simply invented a story around it?
This is not a rare problem. It happens to all of us, in every organization, every industry, every day.
Research tells us that the human brain is not naturally wired to handle statistics, probability, randomness, and risk accurately. We make the same systematic, predictable mistakes — not because we are careless, but because of how our brains work !
In this Course, you will learn exactly how and why this happens. And what to do about it.
We go through flawed data, misleading summaries, pattern errors in randomness, probability misjudgments, risk blind spots, and practical strategies you can apply right away. Every concept is backed by real research and real-world examples.
Sivakami has nearly 2 decades of corporate experience leading global teams at organisations like Microsoft and Verizon; and nearly a decade teaching Leadership Science and Psychology to more than 160,000 students across 180 countries. So you are in good hands !
This is not a Probability or Statistics course. You will not be taught foundational Probability or Statistics concepts here.
A basic high school level understanding is all you need.
What you will learn is how to stop misreading the data you already have — and start making decisions that are sharper, more honest, and far more reliable. How to make good decisions, when it involves probability, statistics, randomness, risk and uncertainty !
If your decisions affect teams, budgets, strategies, or people — this Course is absolutely for you !
Declaration : AI Tools only used for minor language edits, and in searching for Research Papers and Sources. NotebookLM used for Infographics and Slides. No other AI use !
Who this course is for:
- Leaders and Managers who want to avoid Statistics and Probability mistakes, while making decisions
- Management Students, and aspiring Leaders, who want to use Probability and Statistics, more accurately and effectively
- Anyone who wants to avoid the pitfalls, mistakes and misconceptions, when using Probability and Statistics.