2024 Winner(s)
- Samuel E. Bodily,
University of Virginia, Darden Graduate School of Business
Purpose of the Award
The Frank P. Ramsey medal is awarded for distinguished contributions in decision analysis. Distinguished contributions can be internal, such as theoretical or procedural advances in decision analysis, or external, such as developing or spreading decision analysis in new fields.
For more information about eligibility, procedures, and deadlines.
About the Award/Namesake
Frank Plumpton Ramsey was the first to express an operational theory of decision-making based on the dual, intertwining notions of judgmental probability and utility. In his essay "truth and Probability" in 1926, Ramsey adopted what is now termed the decision-theoretic point of view. To Ramsey, probability was an expression of a degree of belief interpreted as operationally meaningful in terms of a willingness to act based on that belief...
Past Awardees
2024
Winner(s)
Samuel E. Bodily,
University of Virginia, Darden Graduate School of Business
2023
Winner(s)
David V. Budescu,
Fordham University