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Wednesday, February 10 • 11:05 - 11:25
The value of uncertainty
We predict the future to steer our present decisions: How will stock prices evolve and what are the optimal portfolio choices now? Will a certain therapy kill the cancer in a patient, and what is the best therapy for her? In other situations we investigate unknown mechanisms, to decide about interventions: How do infections spread between fish farms and which regulations can be protective? What movies does a user prefer and which shall we recommend him now? Understanding and forecasting are never 100% sure. Given the available knowledge and data, we make conclusions which have a certain uncertainty.  But uncertainty is not just a problem;  it also creates value. 

Hva vil deltakerne lære? 
New statistical methods and their algorithms are key instruments in all economic areas, even more today in the Big Data era. Investing in the analysis of data, and not just in the production and organisation of data, is essential for successful innovation.

Speakers
avatar for Arnoldo Frigessi

Arnoldo Frigessi

Professor, University of Oslo and Oslo University Hospital
Arnoldo is Professor of statistics at the University of Oslo and director of BigInsight, a centre for research-based innovation, a consortium of industry, business, public departments and academia. He moved from Italy to Oslo 17 years ago and worked for several years at Norsk Regnesentral. He was director of a previous center of excellence “Statistics for Innovation”. Frigessi is an elected member of the Norwegian Academy of Science... Read More →


Wednesday February 10, 2016 11:05 - 11:25
Fra forskning til verdiskaping Rom 5