Bayesian Decision Analysis : Principles and Practice

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Title: Bayesian Decision Analysis : Principles and Practice
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.
Authors: Jim Q. Smith
Resource Type: eBook.
Subjects: Bayesian statistical decision theory
Categories: MATHEMATICS / Probability & Statistics / Bayesian Analysis
Database: eBook Collection (EBSCOhost)
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PubType: eBook
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  Data: 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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      – Code: 519.542
        Scheme: ddc
        Type: prePub
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      – Code: eng
        Text: English
    Subjects:
      – SubjectFull: Bayesian statistical decision theory
        Type: general
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      – TitleFull: Bayesian Decision Analysis : Principles and Practice
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            NameFull: Jim Q. Smith
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          Dates:
            – D: 01
              M: 01
              Type: published
              Y: 2010
            – D: 04
              M: 02
              Type: profile
              Y: 2014
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              Value: 9780521764544
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              Value: 9780511860355
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