All. SDG Wheel
Advancing Decision Sciences: Insights from the Inaugural European Decision Sciences Day at Nova SBE
Structured as a single-track conference with four sessions, the event featured presentations by doctoral candidates, junior professors, and senior faculty members. Covering diverse topics such as risk-taking, decision making and technology, decision making with societal impact, and risk and choices, the sessions showcased cutting-edge research methods and insights applied to complex decision problems in areas like health, environment, finance, and consumer behavior.
Beyond academic exchange, the conference facilitated networking and interaction among participants, creating a stimulating environment for collaboration. Attended by over 50 researchers and practitioners from different countries and institutions, the event became a hub for learning and idea-sharing.
An overarching objective of the conference was to link decision analysis research to the United Nations' Sustainable Development Goals (SDGs). Recognizing the SDGs as a wicked problem—complex and challenging to solve—the conference applied the principles of decision theory to offer a new lens on these global goals. Decision theory, a branch of management science, provided a rigorous framework for analyzing decision problems, designing decision support systems, and offering policy solutions.
The conference speakers demonstrated how decision theory can address challenges related to the SDGs, offering practical solutions and critical analyses, such as:
- Measuring and incorporating preferences and attitudes towards risk and uncertainty into decision models.
- Accounting for cognitive and emotional factors influencing decision making.
- Leveraging technology for enhanced decision making while mitigating ethical and social risks.
- Balancing economic, social, and environmental dimensions of sustainable development.
- Coping with the complexity and dynamics of decision problems in the face of uncertainty and change.
The conference showcased best practices and concrete examples of decision analysis applied to support the SDGs, including designing fair wagering mechanisms, using experimental methods to test decision interventions, developing data-driven models, and incorporating diverse perspectives into decision making.
The European Decision Sciences Day proved to be a successful and fruitful event, fostering collaboration and stimulating new ideas for future research and action. The organizers and participants expressed gratitude to Nova SBE for hosting and supporting the conference, anticipating its continued expansion in the years to come. This pioneering initiative not only advanced decision sciences but also provided valuable insights for addressing complex global challenges outlined in the SDGs.