Interests:
Dr. Savage's primary focus is on removing what he
refers to as the 'Algebraic Curtain' separating Management
from Management Science. This activity lies in the
domain of Informational
Design.
His experience in consulting
and expert testimony have led him to address the
disparity between the way risk and uncertainty are
treated in industry, and how the subjects are taught
in the typical statistics course. Two recent publications
in this area include “The Flaw of Averages” in the
Harvard Business Review, and “Accounting for Uncertainty”
in the Journal of Portfolio Management.
Current areas of interest include:
Stochastic modeling in Accounting and the Law
Stochastic Information Systems to effectively communicate
risk and uncertainty between various parts of an
organization.
Risk minimization in petroleum exploration, by extending
portfolio optimization techniques from finance.
Although Savage received his
Ph.D. in the area of Combinatorial Optimization,
he has also done work in Combinatorial Obfuscation,
developing the
SHMUZZLE(tm) Puzzle , a tessellation based jigsaw
puzzle inspired by M.C. Escher.
