Using Influence Diagrams to Map Out Decisions
Discover a Highly Effective way to Frame Decisions
Influence diagrams are a good way to get a high-level view of the key factors in a decision. They are a highly effective way to frame decisions, identify uncertainties, and clarify the decision criteria. They help:
- Clarify complex decisions
- Identify the uncertainties in the decision that may benefit from sensitivity analysis
- Show the key factors and the relationship between those factors
- Determine how the factors relate to the value used as the decision criteria
- Identify where expert assessment may be needed for key variables
- Clarify the order in which uncertainty might best be reduced to arrive at better decisions
- Communicate how the decision is structured
I'll show you how to build one to help you improve your next decision.