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Introduction to statistical decision theory. Author: John W. Pratt, Howard Raiffa, and Robert Schlaifer Publication data: preliminary edition, 1965. Cambridge, Mass.: MIT Press, 1995. Description: Extensive exposition of statistical decision theory, statistics, and decision analysis from a Bayesian standpoint. Many examples and problems come ...
The mythological Judgement of Paris required selecting from three incomparable alternatives (the goddesses shown).. Decision theory or the theory of rational choice is a branch of probability, economics, and analytic philosophy that uses the tools of expected utility and probability to model how individuals would behave rationally under uncertainty.
Baron is author of Thinking and Deciding, [5] a text that takes on the task of examining psychological research directed at a comprehension of the nature of thinking as he sees it. In this text, Baron covers such topics as risk, bioethics, Bayes' Theorem, utility measurement, decision analysis, and values. The text takes a broad-based ...
Still, omitting the authorship criteria by prioritizing hierarchy arguments, is an unethical practice. This kind of practices may hinder free-thinking and professional independence, and thus should be tackled by research managers, clear research guidelines and authors agreements.
Decision Science and Technology is a compilation of chapters written in honor of a remarkable man, Ward Edwards. Among Ward's many contributions are two significant accomplishments, either of which would have been enough for a very distinguished career. First, Ward is the founder of behavioral decision theory.
His courses on statistical decision theory taught at Carnegie-Mellon influenced Edward C. Prescott and Robert Lucas, Jr., [4] influential figures in the development of new classical macroeconomics and real business-cycle theory. DeGroot's undergraduate text, Probability and Statistics, published in 1975, is widely recognized as a classic textbook.
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Functional Decision Theory (FDT) is a school of thought within decision theory which states that, when a rational agent is confronted with a set of possible actions, one should select the decision procedure (a fixed mathematical decision function, as opposed to a singular act) that leads to the best output.