# Bayesian Decision Analysis: Principles and Practice

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September 2010

## Beschreibung

### Beschreibung

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.### Inhaltsverzeichnis

Preface; Part I. Foundations of Decision Modeling: 1. Introduction; 2. Explanations of processes and trees; 3. Utilities and rewards; 4. Subjective probability and its elicitation; 5. Bayesian inference for decision analysis; Part II. Multi-Dimensional Decision Modeling: 6. Multiattribute utility theory; 7. Bayesian networks; 8. Graphs, decisions and causality; 9. Multidimensional learning; 10. Conclusions; Bibliography.### Portrait

Jim Q. Smith is a Professor of Statistics at the University of Warwick.### Pressestimmen

"[L]et me stress that the design and the printing of the book are both of the highest quality, numerous tree graphs appearing seamlessly at the right place [making captions superfluous], different fonts making parts more coherent and so on. I thus hope it is obvious I strongly recommend reading the book to all involved in any level of decision management! Or teaching it." Xi'an's Og Blog "The preface explains that the book is intended as a course resource for mathematically sophisticated undergraduates and students in a statistics master's program. It would serve this purpose admirably and would be a very good reference book for all researchers in this field." R. Bharath, emeritus, Northern Michigan University for Choice MagazineEAN: 9780521764544

ISBN: 0521764548

Untertitel: Sprache: Englisch.

Verlag: CAMBRIDGE UNIV PR

Erscheinungsdatum: September 2010

Seitenanzahl: 338 Seiten

Format: gebunden

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