Students will learn to apply degrees of confidence to predictions and use expected value/utility calculations in decision-making. Through interactive exercises and real-world scenarios, they will develop skills in assigning probability estimates and evaluating outcomes quantitatively to make more informed choices.

This lesson plan is part of the “Developing a Decision Education Course” instructional model. To learn more about the model and to view the scope and sequence, click here.

• Adding degrees of confidence to predictions and estimations.
• Using calculations of Expected Value and Expected Utility to make decisions.