All posts tagged Decision Science

Elon Musk recently took to Twitter to declare that cognitive biases “should be taught to all at a young age.”  He referenced an infographic that listed the 50 most common biases. These biases affect us most in the decisions that we make on a daily basis. It, therefore, follows that these biases play a major role in Hotel Pricing and Revenue Management. In the absence of collaborative data analysis, decisions made under uncertainty become highly subjective activities. The most relevant Read more