Sam L. Savage, PhD

Title: 
Executive Director
Organization: 
ProbabilityManagement.org
Bio: 

Sam L. Savage is Executive Director of ProbabilityManagement.org, a nonprofit devoted to the communication and calculation of uncertainty. He is the inventor of the SIP (Stochastic Information Packet), a data structure that lets simulations communicate with each other, and initiated the open SIPmath standard. Sam is also author of The Flaw of Averages: Why We Underestimate Risk in the Face of Uncertainty, and is a Consulting Professor at Stanford University.

After receiving his Ph.D. in computational complexity from Yale University in 1973, Sam spent a year in the Mathematics Department at General Motors Research Laboratory, and then joined the Management Science faculty of the University of Chicago Graduate School of Business. Here he discovered that an Algebraic Curtain separated the bulk of his management students from management science. In 1985, Dr. Savage led the development of software called What’sBest®, which coupled Linear Programming to Lotus 1-2-3. The package won PC Magazine’s Technical Excellence Award in 1986. Since then, Sam has continued working to bring analytical tools to managers in an algebra-free environment. In 1990, Sam moved to Stanford, where he teaches Management Science in the Engineering School. He has been a Visiting Professor at Northwestern University’s Kellogg School of Business and the Naval Postgraduate School in Monterey, and is a Fellow of the Judge Business School at the University of Cambridge.

Since 1997 Dr. Savage has consulted, lectured, and served as an expert witness through his consulting firm, AnalyCorp, Inc. The organization has just launched the SIPmath Group to bring the discipline of probability management to business and government.