Introduction to Probability Management

Dr. Sam L. Savage, an Adjunct Professor in Civil and Environmental Engineering at Stanford University, has made significant contributions to the fields of probability management and decision science. As the Executive Director of ProbabilityManagement.org, a nonprofit organization he co-founded, Dr. Savage has been instrumental in developing tools and standards for managing uncertainty in decision-making processes. His academic career includes teaching positions at the University of Chicago Graduate School of Business and a fellowship at the University of Cambridge Judge Business School. At Stanford, Dr. Savage teaches courses such as "Interactive Management Science" (MS&E 107/207), "The Flaw of Averages" (MS&E 22Q), and "Project Risk Analysis" (CEE 242R), where he combines theoretical concepts with practical applications. His innovative approach to teaching management science techniques uses interactive spreadsheets to make complex concepts accessible to students and professionals alike. Dr. Savage's work extends beyond academia, as he has consulted widely in industries ranging from petroleum to healthcare, and has served as an expert witness in litigation. His books, including "The Flaw of Averages" and "Chancification," have been influential in addressing the challenges of decision-making under uncertainty.