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.
Product Identifiers
Publisher
Cambridge University Press
ISBN-13
9780521764544
eBay Product ID (ePID)
93374111
Product Key Features
Author
Jim Q. Smith
Publication Name
Bayesian Decision Analysis: Principles and Practice
Format
Hardcover
Language
English
Subject
Mathematics
Publication Year
2010
Type
Textbook
Number of Pages
348 Pages
Dimensions
Item Height
255mm
Item Width
180mm
Item Weight
840g
Additional Product Features
Title_Author
Jim Q. Smith
Country/Region of Manufacture
United Kingdom
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