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Chancification goes live

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About this workshop

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:

  1. The Flaw of Averages and the Arithmetic of Uncertainty

  2. Chance-Informed Decision Appliances (ChanceCalc, Excel Templates)

  3. The Transmission Lines (SIPmath.Network, RASON from Frontline Systems)

  4. The Power Plants (Frontline Systems’ Analytic Solver, Lumina Decision Systems’ Analytica)

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Sam Savage

Dr. Sam L. Savage is the author of The Flaw of Averages and Executive Director of ProbabilityManagement.org, a 501(c)(3) nonprofit devoted to making uncertainty actionable. The organization has received funding from Chevron, Lockheed Martin, General Electric, PG&E, Wells Fargo, Kaiser Permanente and others.

Alex Sidorenko

Alex Sidorenko is an expert with over 15 years of private equity, sovereign wealth fund risk management experience across Australia, Russia, Poland and Kazakhstan. In 2014 Alex was named the Risk Manager of the Year by the Russian Risk Management Association.

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