Bayesian Decision Analysis

Released on by Jim Q. Smith
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  • Bayesian Decision Analysis Book Detail

  • Author : Jim Q. Smith
  • Release Date : 2010-09-23
  • Publisher : Cambridge University Press
  • Genre : Mathematics
  • Pages : 349
  • ISBN 13 : 1139491113
  • File Size : 97,97 MB
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Bayesian Decision Analysis by Jim Q. Smith PDF Summary

Book Description: 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.

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Bayesian Decision Analysis

Bayesian Decision Analysis

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Bayesian decision analysis supports principled decision making in complex domains. This textbook takes the reader from a formal analysis of simple decision prob