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Our mission: The Center for the Decision Sciences (CDS) serves as a resource to encourage dialogue and collaboration among researchers in multiple divisions and disciplines at Columbia Business School and to facilitate dialogue with and research transfer to industry experts and public policy makers. Our goal is to generate and facilitate interdisciplinary basic research that is relevant to the needs of real world decision makers.
Our history: Decision science lies at the intersection of several social and behavioral science disciplines, drawing on theory and methods from economics, psychology, political science and management, among other fields. Theory and research in the decision sciences has followed two paths: The first is normative or prescriptive, focused on specifying criteria for evaluating decisions and providing algorithms for achieving optimal outcomes; the second is descriptive, focusing on how people actually make decisions.
The Center for Decision Sciences (CDS) at Columbia Business School has dual educational and research purposes: to provide cross-training to graduate students and post-doctoral fellows in aspects of decision sciences that they are not exposed to in their home disciplines; and to bring together researchers from different departments and schools to work on research issues that require cross-disciplinary expertise.
Foci extend well beyond the interests of the core organizers, including but not limited to statistical decision theory, the micro-foundations of comparative justice systems, rational expectations in economics and political science, technological change and the restructuring of decision processes, and the impact of probabilistic forecasts (for example, climate variability) on decision algorithms. The Center provides assistance of various sorts to researchers, including advice on research design, data acquisition, and data analysis.
The Center, formerly part of the Institute for Social and Economic Research and Policy (ISERP), is a partner of the Center for Research on Environmental Decisions (CRED).
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The Curl Ideas to wrap your mind around
Financing China’s Future
China’s rapid urbanization strategy requires a financing system that can keep up. Shusong Ba of the State Council of China lays out economic and policy reforms that will help local governments cope with cities bursting at the seams.Read More
Everything is Political
Bank crises are the product of governments, not market events, say Charles Calomiris and Stephen Haber in their new book.Read More
Columbia Business School Appoints Henry Swieca to Board of Overseers
Swieca, co–founder of Highbridge Capital Management and founder of Talpion Fund Management, is a graduate of Columbia Business School’s MBA Class of 1983Read More
China’s Land Experiment
Government land requisitions are giving way — slowly— to individual property rights in China.Read More
When Women Rule, Nations Prosper
Women leaders boost the economies of fractious nations at much higher rates than their male counterparts.Read More
Clocking Out Early in the C-Suite
New research finds that family CEOs put in fewer hours than professional CEOs.Read More
The Long Tail for Biomedical Research
New research shows that greater spending on biomedical research reduces future mortality rates.Read More
The Folly of Economic Forecasting
How much is too much? At a Global Economic Forum, sponsored by the Chazen Institute in February 2014, Ruchir Sharma of Morgan Stanley drew the boundary between sensible predictions and pure guesswork when looking at economic trends.Read More
5 Bons Mots from Glenn Hubbard
Who, if anyone, can predict the future of the world economy? Glenn Hubbard, the Russell L. Carson Professor of Finance and Economics and dean of Columbia Business School, separates the known from the unknowable.Read More