Overview
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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Details
- ISBN-13: 9780521764544
- ISBN-10: 0521764548
- Publisher: Cambridge University Press
- Publish Date: September 2010
- Dimensions: 9.7 x 6.9 x 0.9 inches
- Shipping Weight: 1.8 pounds
- Page Count: 348
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