Sam Savage, PhD

Title: 
Executive Director
Organization: 
ProbabilityManagement.org
Bio: 

Dr. Savage is the author of "The Flaw of Averages: Why We Underestimate Risk in the Face of Uncertainty," the book that started the probability management revolution (John Wiley & Sons, 2009, 2012). He is Executive Director of ProbabilityManagement.org, a 501(c)(3) nonprofit that has been cited in the MIT Sloan Management Review for “improving communication of uncertainty.” Dr. Savage is joined on the board by Harry Markowitz, Nobel Laureate in Economics, and the organization has received sponsorship from Chevron, General Electric, Lockheed Martin and Wells Fargo Bank.

Dr. Savage is a Consulting Professor at Stanford University, and a Fellow of the Judge Business School at Cambridge University. Before coming to Stanford in 1990, Dr. Savage worked at the General Motors Research Lab, then spent 15 years teaching at the University of Chicago Business School.

Dr. Savage is the inventor of the Stochastic Information Packet (SIP), a standardized data structure that allows simulations to communicate with each other. He pioneered SIPmath in Microsoft Excel, which performs lightning fast SIP-based simulations using the native Data Table function. In 1986 he won a PC Magazine Technical Excellence Award for What'sBest!®, the first spreadsheet add-in for performing mathematical optimization.

Dr. Savage holds a PhD in the area of Computational Complexity from Yale University.