Bayesian Decision Analysis (Hardcover)

Language: English

Published by Cambridge University Press, Cambridge, 2010

0521764548 / 9780521764544

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Hardcover. Bayesian decision analysis supports principled decision making in complex domains. This textbook takes the reader from a formal analysis of simple decision problems to a careful analysis of the sometimes very complex and data rich structures confronted by practitioners. The book contains basic material on subjective probability theory and multi-attribute utility theory, event and decision trees, Bayesian networks, influence diagrams and causal Bayesian networks. The author demonstrates when and how the theory can be successfully applied to a given decision problem, how data can be sampled and expert judgements elicited to support this analysis, and when and how an effective Bayesian decision analysis can be implemented. Evolving from a third-year undergraduate course taught by the author over many years, all of the material in this book will be accessible to a student who has completed introductory courses in probability and mathematical statistics. Real-world decisions involve numbers, but they also involve people. Bayesian decision analysis gives a principled framework for reconciling the two. This textbook explains how to use statistical theory, psychology and algorithms to guide decision makers so that they can marshal available evidence and defend their actions. This item is printed on demand. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability.…

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Title
Bayesian Decision Analysis (Hardcover)
Author
Jim Q. Smith
Publisher
Cambridge University Press, Cambridge
Publication year
2010
Condition
new
Binding
Hardcover
Language
English
ISBN 10
0521764548
ISBN 13
9780521764544

CitiRetail

Stevenage, United Kingdom

5-star seller

AbeBooks seller since June 29, 2022

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