| How to Make Good Decisions?... With Decision Tools |
| Source: | Palisade Corporation | | Authors: | Dr. Bart J.A. Willigers, Palantir Solutions | | Publication Date: | February/March 2008 | | | Number of Pages: | 1 page | | Summary: | Palantir Solutions, a financials software company, held a decision analysis tools seminar in Aberdeen, UK last November. Professor Reidar Bratvold, one of the world's foremost experts on the subject of decision analysis, gave a talk titled "Decision making in the Oil & Gas industry - A culture of mediocrity," where he determined that Oil & Gas companies should embrace more probability-based and modern valuation techniques.
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