Event

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01/28/2022 - 01/29/2022 | Berlin

Workshop: Decision Making in a Digital Age

Simply Rational and Berlin International Offer a 2-day Management Training: “Decision Making in a Digital Age”

“The more data you have, the better your decisions will be”. If this were true, todays´ organizations would be perfect decision engines: in 2019 and 2020 alone, more data was collected than in the entire history of humanity before. Despite this vast amount of data and billions being spent on hiring data science teams and developing business intelligence units, odds are your organization isn’t twice as smart as it was a year ago. At the same time, The Economist finds that more than two-thirds of senior managers continue to rely on their intuition. Are they simply wrong or outdated?

The 2-day hybrid workshop for managers is based on 30 years of world-leading research, spearheaded by the Max Planck Institute for Human Development under Prof. Gerd Gigerenzer, one of the most influential psychologists and decision scientists in the world today.

The expected learning experience from the program will be

- Learning when and why one should rely on human intelligence (including intuition) and when on the different tools that Artificial Intelligence provides
- Learning how to integrate human and Artificial Intelligence to supercharge the decision processes
in your organization
- Learning how to best set up your organization to perform well in a context of calculable risk and incalculable uncertainty
- Understanding how Artificial Intelligence will impact societies at large and how to stay smart in a smart world

Outline of the 2-day hybrid workshop for managers

Session 1: A map and a compass – calculable risk and incalculable uncertainty
Important decisions in management are not only risky. Often it is difficult to precisely quantify such risks. This, we refer to as decision making under uncertainty. Maybe surprisingly, under uncertainty, less information and complexity can yield better decisions than intense information gathering and complex analyses. In the first session, participants gain an understanding of how to determine what type of information environment they face—calculable risk and incalculable uncertainty. Use cases from machine learning highlight when risks can be meaningfully quantified and when not.

Session 2: How to stay smart in a smart world (with Prof. Gerd Gigerenzer)

Prof. Gigerenzer will provide exclusive insights into his new book “Click—How to Stay Smart in a Smart World” published in September 2021 by MIT Press. Based on the differentiation between calculable risk and incalculable uncertainty, Prof. Gigerenzer will delve into key topics such as the relevance of Artificial Intelligence and Big Data for smart business decisions, the impact of digitalization on societies, and how to exploit the potential of integrating human and machine intelligence.

Session 3: The power of intuition in a digital era

Intuition will remain an important source for good decision in a digital age for many decisions makers and may even gain in importance. Under uncertainty, it can be the basis for a high performing decision strategy. But developing a good intuition requires a constructive learning environment and an empowering organizational climate. Participants will learn how to create the structures and culture necessary for an effective organizational learning environment that fosters good judgement under uncertainty.

Session 4: Bringing it all together – Augmented Intelligence
Human and Artificial Intelligence are fundamentally different. Artificial Intelligence processes vast amounts of data and finds correlations a human would not find in their lifetime. Humans think causally, make sense of their world, and can anticipate future consequences with very little data. Augmented Intelligence combines the best of human and Artificial Intelligence to create systems that solve problems more effectively for your organization.

Trainers

Prof. Gerd Gigerenzer is Max Planck Director emeritus and co-founder of Simply Rational. He is the one of the most influential psychologists and decision scientists in the world today. Prof. Florian Artinger is a behavioral economist and data scientist. He is a co-founder of Simply Rational, professor of digital business, and associate researcher at the Max Planck Institute. Dr. Niklas Keller is organizational psychologists and decision scientist. He is co-founder of Simply Rational and associate researcher at the Max Planck Institute and the Charité University Hospital.

About Simply Rational

Simply Rational is a spin-off of the Max Planck Institute for Human Development, a globally
leading research institute on decision-making. Simply Rational specializes in consulting and training using machine learning in combination with behavioral science and organizational change management. These tools make it possible to respond to the individual needs of people and to support them effectively in decision-making. As a spin-off from the Max Planck Institute for Human Development, we implement projects with measurable success with our clients and translate cutting-edge research into practice. Former Max Planck Director and co-founder Prof. Gerd Gigerenzer has published over 600 articles on the topic and his award-winning books Risk Savvy: How to Make Good Decisions and Gut Feelings: The Intelligence of the Unconscious have been translated into over 30 languages. He has just published his latest popular science book Click: How to Stay Smart in a Smart World. We provide access to the latest scientific insights in the behavioral and data sciences to professionals in business, healthcare, finance and society.
Together, we have trained several thousand professionals.

About Berlin International

Berlin International University of Applied Sciences is a state-recognized private university located in the heart of Berlin. We offer bachelor’s and master’s degree programs through our two faculties: Architecture & Design and Business Administration. All our courses are taught 100% in English, are accredited and meet the standards of quality required by German and European regulators.

BI courses are tailored for the real world and have a strong orientation towards the industries and global job markets. The programs are characterized by practical relevance, clear structure, small cohorts per program and intensive contact to lecturers and professors.

Certificate

Participants will receive a certificate for completing the course.

Location and setup – on site and online

The course will allow participants to take part onsite at the facilities of Berlin International University of Applied Sciences (Salzufer 6, 10587 Berlin, Germany), you can find the location information by clicking this link: https://bit.ly/3qZP9IY

Also join online from anywhere in the world. Hybrid video technologies including digital breakout rooms allow effective interaction with fellow participants and trainers.

Tickets and further questions

For booking, please click here (this will redirect you to pretix.eu, an online ticket shop).

https://pretix.eu/simplyrational/DMDA2d/

Please note that, to assure smooth planning, you have secured a place once we have received payment. In case of any questions, please directly contact Prof. Florian Artinger via email: florian.artinger@simplyrational.de

Information on participating / attending:
Key information

Target Audience: Middle and senior management
Dates: Friday, January 28th, 15:00 – 21:00 CET / Saturday, January 29th, 15:00 – 21:00 CET
Language: English
Venue: On Site at Berlin International University of Applied Sciences and Online
Price: On Site 1.850€ or Online 1.500€ (+ VAT for customers from Germany)

Attachment

Berlin International University of Applied Sciences

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