Dr. Sam L. Savage

Biography

Dr. Sam L. Savage is the 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. Harry Markowitz, Nobel Laureate in Economics, was a co-founding board member. Dr. Savage is the author of 'The Flaw of Averages: Why We Underestimate Risk in the Face of Uncertainty' (Wiley, 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 is an Adjunct in Civil and Environmental Engineering at Stanford University. He began his career as a mathematician at General Motors Research Laboratory and taught at the University of Chicago Graduate School of Business for 15 years.

Areas of expertise