Whereas Electrification replaces systems running on fossil fuels with those running on electricity, Chancification cures the Flaw of Averages by replacing computations running on single numbers with those running on probabilities.
The Chancification Network has just gone live, with systems from various organizations playing the roles of Power Plants, Transmission Lines and Appliances.
Topics:
- The Flaw of Averages and the Arithmetic of Uncertainty
- Chance-Informed Decision Appliances (ChanceCalc, Excel Templates)
- The Transmission Lines (SIPmath.Network, RASON from Frontline Systems)
- The Power Plants (Frontline Systems’ Analytic Solver, Lumina Decision Systems’ Analytica)
https://2021.riskawarenessweek.com/talks/chancification-goes-live/
Check out other decision making books
RISK-ACADEMY offers online courses
Informed Risk Taking
Learn 15 practical steps on integrating risk management into decision making, business processes, organizational culture and other activities!
ISO31000 Integrating Risk Management
Alex Sidorenko, known for his risk management blog http://www.riskacademy.blog, has created a 25-step program to integrate risk management into decision making, core business processes and the overall culture of the organization.
Advanced Risk Governance
This course gives guidance, motivation, critical information, and practical case studies to move beyond traditional risk governance, helping ensure risk management is not a stand-alone process but a change driver for business.
