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INVITED EDITOR
Editorial from
July 16, 2024
All. SDG Wheel

All. SDG Wheel

The 2030 Agenda for Sustainable Development, adopted by all United Nations Member States in 2015, provides a shared blueprint for peace and prosperity for people and the planet, now and into the future. At its heart are the 17 Sustainable Development Goals (SDGs), which are an urgent call for action by all countries - developed and developing - in a global partnership. They recognize that ending poverty and other deprivations must go hand-in-hand with strategies that improve health and education, reduce inequality, and spur economic growth – all while tackling climate change and working to preserve our oceans and forests.
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Advancing Decision Sciences: Insights from the Inaugural European Decision Sciences Day at Nova SBE

Nova School of Business and Economics (Nova SBE) marked a significant milestone on September 22, 2023, as it hosted the inaugural European Decision Sciences Day. Co-organized by Sreyaa Guha, the event brought together 26 Decision Sciences (DS) scholars from eminent European business schools, forming a collaborative initiative founded by Enrico Diecidue (INSEAD) and Matthias Seifert (IE Business School). This gathering aimed to provide a platform for knowledge exchange, discourse, and exploration of the latest advancements in Decision Analysis.

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.

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