Bayesian decision analysis: principles and practice

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 mater...

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Beteilige Person: Smith, J. Q. 1953-
Format: E-Book
Sprache:Englisch
Veröffentlicht: Cambridge Cambridge University Press 2010
Links:https://doi.org/10.1017/CBO9780511779237
Zusammenfassung: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.
Umfang:1 Online-Ressource (ix, 338 Seiten)
ISBN:9780511779237