Free meeting:
Data, Managers and Decisions
Business and Industrial Section of the Royal Statistical Society
Wednesday 4 December 2019, 4pm-6pm
Royal Statistical Society, 12 Errol St, London EC1Y 8LX
Further details and free registration via
https://www.statslife.org.uk/events/events-calendar/eventdetail/1469/-/data-managers-and-decisions
Speaker: Roland Caulcutt (Caulcutt Associates)
"We all make decisions. Many of our decisions lead to actions and we hope that the results of these actions will match our expectations. Unfortunately, we are sometimes disappointed with the outcome and may then feel that different decisions could have led to better results. Managers make decisions, knowing that the actions that follow may affect lots of other people. So, it would be comforting to believe that management decisions lead to actions that have a high probability of producing good results. However, recent research in neurology has shown that managers' decisions often lead to disappointing outcomes. This presentation will review the many ways in which managers respond to available information. Various interactive exercises will be used to demonstrate that managers need guidance on how to avoid bias and how to make better use of data. This guidance could be provided by analysts, who can communicate in ways that managers can understand."
Enquiries to Neil Spencer, Meetings Secretary for RSS's Business and Industrial Section: [log in to unmask]<mailto:[log in to unmask]>
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Neil H. Spencer
Professor of Applied Statistics
Director of Statistical Services and Consultancy Unit
Hertfordshire Business School,
University of Hertfordshire, de Havilland Campus, Hatfield, Hertfordshire, AL10 9AB, U.K.
Telephone: +44 (0) 1707 285529
Personal Contact Details:
E-mail: [log in to unmask]<mailto:[log in to unmask]>; Blog: https://neilhspencer.wordpress.com/
Statistical Services and Consultancy Unit Contact Details:
E-mail: [log in to unmask]<mailto:[log in to unmask]>; WWW: http://go.herts.ac.uk/sscu
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