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Applied Statistical Decision Theory, Paperback by Raiffa, Howard; Schlaifer, ...
- Item No : 388697566911
- Condition : Brand New
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* Item Description
- Applied Statistical Decision Theory, Paperback by Raiffa, Howard; Schlaifer, Robert, ISBN 047138349X, ISBN-13 9780471383499, Brand New, Free shipping in the US
Addressed to those who are interested in using statistics as a tool in practical problems of decision making under conditions of uncertainty and who also have the necessary training in mathematics and statistics to employ these analytical techniques. The underlying principle of the material outlined in th is the Bayesian approach which provides a formal mechanism for taking account of preferences and weights rather than leaving it up to the decision maker's intuition. Topics covered include sufficient statistics and noninformative stopping, conjugate prior distributions, additive utility and opportunity loss, linear terminal analysis, selection of processes, problems in which the act and state spaces coincide, multivariate normalized density functions, Bernoulli process, Poisson process, independent normal process, and normal regression process. Annotation c. Book News, Inc., Portland, OR ()
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