Decision Tools is a set of Microsoft Excel add-ins for risk and decision analysis. It includes @Risk, StatTools, PrecisionTree, TopRank and other Excel add-ins.

The McCombs School of Business has licensed the software from Palisade for students to use, free of charge. You will need to first have Microsoft Office (which you can install through UT Austin for free) if you are installing DecisionTools. To do that, go to office365.austin.utexas.edu and select "Office 365 Portal". Once signed in, click "Install and more" and "Install Microsoft 365 Apps".




This software is only available for Windows. To install this onto a Macintosh you should first create a virtual machine on your computer and install Microsoft Windows and Office into it. If you do not currently have a Windows VM available on your computer (or a dual boot Mac/Windows computer), then you have a couple of options:


  1. Install a Windows Virtual Machine and install DTools on it. You can visit the SWAT Shop to request assistance in installing this VM or you can install it yourself by following the instructions at Installing VMWare for Macs 
  2. Use one of the computers setup in the NRG Reading Room (CBA 4.112A).