Decision Theory

By Kristina Vidović, Mila Nadrljanski, Đorđe Nadrljanski

This book presents an overview of the fundamental concepts and outcomes of rational decision-making under uncertainty, highlighting the implications for statistical practice. An overview of the science of decision-making includes a number of methodological tools related to decision-making, such as: analysis of decision-making problems, the decision-making process, stages of the decision-making process, models and modeling, the choice of methods and techniques. The methods further include the criterion of expectations and usefulness, then the concept of factors - external, internal, subjective, objective decision-making factors, as well as formal and informal decision-making factors.

• Format: Paperback
• Language: English
• ISBN: B0BMSVFTVL
• ISBN13: 9798364904546
• Release Date: November 2022
• Publisher: Independently Published
• Length: 214 Pages
• Weight: 0.64 lbs.
• Dimensions: 0.5" x 6.0" x 9.0"