Sam Savage

Dr. Sam L. Savage is Executive Director of ProbabilityManagement.org, a 501(c)(3) nonprofit devoted to standardizing the communication and calculation of uncertainty. The organization has received funding from Chevron, Kaiser Permanente, Highmark Health, Lockheed Martin, PG&E, and others, and Harry Markowitz, Nobel Laureate in Economics was a co-founding board member. Dr. Savage is author of The Flaw of Averages: Why We Underestimate Risk in the Face of Uncertainty (John Wiley & Sons, 2009, 2012) and Chancification: Fixing the Flaw of Averages (2022). He is the inventor of the Stochastic Information Packet (SIP), an auditable data array for conveying uncertainty. He received his Ph.D. in computational complexity from Yale University.

Dr. Savage began his career as a mathematician at the General Motors Research Laboratory and then taught at the University of Chicago Graduate School of Business for 15 years. He moved to Stanford University in 1990, where he is an Adjunct in Civil and Environmental Engineering. He has been a Visiting Professor at Northwestern University’s Kellogg School of Business and the Naval Postgraduate School in Monterey, and has delivered Executive Education at the Judge Business School at the University of Cambridge.