Spetzler holds a BS in chemical engineering and an MBA and Ph.D. in economics and business administration from the Illinois Institute of Technology.

[2] While at SRI, Spetzler was instrumental in helping client Merrill Lynch establish their Cash Management Account (CMA) product in 1977.

The Development of a Corporate Risk Policy for Capital Investment Decisions, Carl Spetzler, IEEE Transactions on Systems Science and Cybernetics (Volume: 4, Issue: 3 ), Sept.

[7] Probability Coding in Decision Analysis, Carl S. Spetzler, Carl-Axel S. Staël Von Holstein, (1975), Management Science, 22(3):340-358, retrieved September 1, 2016.

[8] Larry Neal and Carl Spetzler, "An Organization-Wide Approach to Good Decision Making", Harvard Business Review, May 27, 2015.