V. References

  1. Efron, Bradley and Tibshirani, Robert J. An Introduction to the Bootstrap, Chapman & Hall, New York, 1993.

  2. Markowitz, H. M. (1959) Portfolio Selection, Efficient Diversification of Investments, 1991 Edition, Blackwell, Cambridge MA.

  3. Savage, Sam L. Statistical Analysis for the Masses in Statistics and Public Policy, edited by Bruce Spencer, Oxford University Press, 1996. See http://www.stanford.edu/~savage/stat.pdf for a pre-publication draft.

  4. __, Decision Making with Insight , - Text and Software, Brooks/Cole—Thomson Learning, Belmont CA 2003.
  5. __, The Flaw of Averages: Why we Underestimate Risk in the Face of Uncertainty, John Wiley & Sons, 2009
  6. __, Blitzograms – Interactive Histograms, Informs Transactions on Education, Vol. 1, Number 2, Fall 2000.
  7. Simon, Julian L., Resampling: The New Statistics. Resampling Stats, Inc. 1974-1995.
  8. Simulation Software from other vendors: @RISK and Crystal Ball are two powerful Monte Carlo packages that should be considered if you outgrow XLSim. Extend is a good Discrete Event Simulation package. See the Command Reference for a comparison with XLSim.

If you like XLSim, you should consider Decision Making with Insight.

Decision Making with Insight

(includes Insight.xla 2.0)

"a must read"
   Harry Markowitz
   Nobel Laureate in Economics

360 Page Book and Software by

Dr. Sam L. Savage

Better decision making starts with this handbook/software duo!

Designed for the classroom and for individual use in the workplace, Decision Making with Insight includes both Insight.xla 2.0 software and a concise, practical handbook, which is filled with useful tutorials and exercises that explain how the accompanying suite of add-ins can be applied. After introducing important general spreadsheet skills, the book covers

Monte Carlo simulation,

decision trees,

queuing simulations optimization,

Markov chains,

and forecasting.

Dr. Sam Savage, recognized worldwide as a leading innovator in management science education, also draws on his extensive consulting experience to provide compelling, practical business applications for each add-in.

Changes to this new edition include bootstrapped hypothesis testing, a discussion of conditional probability with tree flipping, introduction to cellular automata, and new exercises throughout.

See www.AnalyCorp.com for details.

Business and Academia applaud INSIGHT.xla

INSIGHT.xla hits you right where you learn.

William Perry

Former Secretary of Defense of the United States

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Rarely has such sound theory been provided in such an entertaining manner. INSIGHT is a must read for those who analyze business problems, are comfortable with Excel, and are not otherwise supplied with all the statistical, simulation and optimization tools needed for analysis.

Harry Markowitz

Nobel Laureate in Economics

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A savage onslaught against the algebraic curtain.

Bill Machrone, PC Week

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Sam Savage is the perfect Zen master of spreadsheets.

Brad Osgood

Director, Science, Mathematics, Engineering Core, Stanford University

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Business schools teach the theory and the math, but Sam's approach is intuitive and visual. His tools work right in the spreadsheet, so most people can hit the ground running and bosses will have no trouble reading and interpreting the results.

Matthew Raphaelson

Senior Vice President, Wells Fargo & Company

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Sam Savage has given us an enormously practical way to use business analysis tools such as simulation, decision trees, and optimization. These tools are taught in many business schools but the approach is, alas, too often skewed toward the theoretical and many students feel uneasy making the transition to use them in actual business situations.

John P. Gould

Professor & Former Dean, University of Chicago Graduate School of Business

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I must say that the information was just as compelling as a good novel... I am totally pleased.

Kirk Johnson - Kraft Foods

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Sophisticated concepts developed over several decades have been faithfully and beautifully captured in spreadsheet form--making these concepts both understandable and usable by a wide audience. And this material is not just for the novice. Professionals will find useful programs that can be used immediately to solve important and realistic problems. INSIGHT.xla will play a major role in promoting sound, modern approaches to important problems.

David G. Luenberger - Professor, Stanford University and Author of Investment Science

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May I say that I am absolutely elated with your work. For the first time I have been given an extremely usable way to employ business analysis tools that validate the often complex intuitive aspects  in my actual daily business decisions.

Dr. Udo Henseler, Vice President and CFO, Qualicon Inc., A DuPont Company

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Not until I got my copy of Insight had I been able to make any progress with using statistics to analyze stock market data.

Ron McEwan - Independent Trader