Decision Making with Probability & Statistics, Do it Right !
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 ?
Requirements
- High School Math knowledge, of basic Probability and Statistics
Description
We all use Probability and Statistics, knowingly, or unknowingly, in a lot of our Judgements and Decisions !
However, what we may not be aware of, are the many many ways we can go wrong, in using these concepts, from Probability and Statistics, for making our decisions ! This includes the common errors , the many misconceptions we have, the conclusions we wrongly jump to, in judging probabilities, and risks, sampling and statistics.
The Human brain is not wired to intuitively understand probability or statistics. Researchers of the brain, believe that mathematical truths make little automatic sense to our mind, especially when considering random and non-random outcomes, or when considering a large amount of data. And because of that, we automatically and subconsciously end up making a lot of mistakes, in assessing risks and likelihood.
This Course will help you learn about, and try to avoid and minimize, such mistakes and misconceptions. For good quality, Data driven Business Decision Making. It will be useful for everyone, but especially for Leaders and Managers, whose various judgements and decisions can affect many people, organizations and countries !
It is a Beginner level Course, and it assumes only a basic High school level knowledge of Probability and Statistics.
Disclaimer: You will not learn any foundational Probability or Statistics here, you will only learn about the mistakes and misconceptions commonly made, when using Probability and Statistics in Decision Making.
Some Images and Videos courtesy Pixabay, Pexels, Pressfoto and FreePik. Some Music snippets courtesy Bensound.
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.
Instructor
- 4.5 Instructor Rating
- 55,609 Reviews
- 132,454 Students
- 19 Courses
Sivakami (pronounced She-vuh-kaa-me) is an experienced Business Leader and an experienced Online Educator, specializing in Leadership Psychology.
Since transitioning from the Corporate World, to Academia, in 2015, she has made a significant impact, by coaching University Students, Business Leaders and Managers, worldwide.
As a Bestselling Udemy Instructor, and a Udemy Instructor Partner (a title reserved for less than 1% of Udemy Business Instructors), she has has the incredible opportunity to connect with more than a 123,000 students worldwide, from 179 Countries !
Sivakami’s Courses are unique, using cutting-edge research from Cognitive and Social Psychology, Neuroscience, and Behavioral Economics, to provide practical, evidence-based lessons and strategies, tailored for today's Leaders and Managers.
In her Corporate career, Sivakami has held pivotal roles, lead Global teams, driven Global Initiatives, formulated Corporate Policies, and achieved several challenging Business KPIs. She has also successfully coached and mentored many young leaders and managers, personally experiencing all the joys and challenges of Leadership and Management !
Sivakami has an MBA from a Prestigious Asian Business School, and a Post Graduate Degree in Business Research Methods from the Edinburgh Business School. She also has nearly 2 decades of rich global experience, as a Leader and Manager, in large Multinational Corporations. She has honed her expertise in Leadership, Business management, and Business and Psychology Research.
Certified by Yale Psychology Online, and Coursera, on “Introduction to Psychology” and “Moralities of Everyday Life,” Sivakami is also trained on “The Science of Everyday Thinking” by edX and The University of Queensland, Australia.
Sivakami’s Courses bring the Science of Human behavior, and thinking, to modern Leaders and Managers. After all, what could be more essential, and beneficial, for Leaders and Managers, than understanding the Science and Research behind Human Behavior and Thinking ?