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WalsonParker / Institutional perspective

Decision science principles

Evidence, uncertainty and structured reasoning in consequential decisions.

A decision is more than a forecast

Decisions involve objectives, alternatives, constraints and possible consequences. A forecast contributes to that process but does not determine which trade-offs an organization should accept.

Reasoning under uncertainty

Probabilities, scenarios and sensitivity analysis can help examine how conclusions depend on assumptions. The purpose is to clarify choices and their implications while preserving the responsibility of the decision-maker.

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