Introduction to Statistical Decision Theory

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ISBN
9780262662062
Kategorie

Über dieses Produkt

Product Identifiers

Publisher
MIT Press
ISBN-10
026266206X
ISBN-13
9780262662062
eBay Product ID (ePID)
9038252851

Product Key Features

Book Title
Introduction to Statistical Decision Theory
Number of Pages
896 Pages
Language
English
Topic
Economics / General, Statistics
Publication Year
2008
Illustrator
Yes
Genre
Business & Economics
Author
Robert Schlaifer, Howard Raiffa, John Pratt
Format
Perfect

Dimensions

Item Height
1.7 in
Item Weight
52.4 Oz
Item Length
10 in
Item Width
7 in

Additional Product Features

Intended Audience
Trade
Reviews
"An excellent introduction to Bayesian statistical theory." -- Frank Windmeijer, ""Times Higher Education Supplement"", "An excellent introduction to Bayesian statistical theory." Frank Windmeijer Times Higher Education Supplement, This is the authoritative introductory treatise (almost 900 pages) on applied Bayesian statistical theory. It is self-contained and well-presented, developed with great care and obvious affection by the founders of the subject., An excellent introduction to Bayesian statistical theory.-- Frank Windmeijer , Times Higher Education Supplement -- This book is a classic.... The strengths of this text are twofold. First, it gives a general and well-motivated introduction to the principles of Bayesian decision theory that should be accessible to anyone with a good mathematical statistics background. Second, it provides a good introduction to Bayesian inference in general with particular emphasis on the use of subjective information to choose prior distributions. -- Mark J. Schervish , Journal of the American Statistical Association -- This is the authoritative introductory treatise (almost 900 pages) on applied Bayesian statistical theory. It is self-contained and well-presented, developed with great care and obvious affection by the founders of the subject. -- James M. Dickey , Mathematical Reviews --, "This is the authoritative introductory treatise (almost 900 pages) on appliedBayesian statistical theory. It is self-contained and well-presented, developed with great care andobvious affection by the founders of the subject." James M. Dickey Mathematical Reviews, "This is the authoritative introductory treatise (almost 900 pages) on applied Bayesian statistical theory. It is self-contained and well-presented, developed with great care and obvious affection by the founders of the subject." James M. Dickey Mathematical Reviews, "This is the authoritative introductory treatise (almost 900 pages) on applied Bayesian statistical theory. It is self-contained and well-presented, developed with great care and obvious affection by the founders of the subject." -- James M. Dickey, ""Mathematical Reviews"", This book is a classic.... The strengths of this text are twofold. First, it gives a general and well-motivated introduction to the principles of Bayesian decision theory that should be accessible to anyone with a good mathematical statistics background. Second, it provides a good introduction to Bayesian inference in general with particular emphasis on the use of subjective information to choose prior distributions., "This book is a classic.... The strengths of this text are twofold. First, it gives a general and well-motivated introduction to the principles of Bayesian decision theory that should be accessible to anyone with a good mathematical statistics background. Second, it provides a good introduction to Bayesian inference in general with particular emphasis on the use of subjective information to choose prior distributions." Mark J. Schervish Journal of the American Statistical Association, "An excellent introduction to Bayesian statistical theory." - Frank Windmeijer, Times Higher Education Supplement, "This book is a classic.... The strengths of this text are twofold. First, it gives ageneral and well-motivated introduction to the principles of Bayesian decision theory that should beaccessible to anyone with a good mathematical statistics background. Second, it provides a goodintroduction to Bayesian inference in general with particular emphasis on the use of subjectiveinformation to choose prior distributions." Mark J. Schervish Journalof the American Statistical Association
Dewey Edition
20
Dewey Decimal
519.5/42
Synopsis
The Bayesian revolution in statistics--where statistics is integrated with decision making in areas such as management, public policy, engineering, and clinical medicine--is here to stay. Introduction to Statistical Decision Theory states the case and in a self-contained, comprehensive way shows how the approach is operational and relevant for real-world decision making under uncertainty. Starting with an extensive account of the foundations of decision theory, the authors develop the intertwining concepts of subjective probability and utility. They then systematically and comprehensively examine the Bernoulli, Poisson, and Normal (univariate and multivariate) data generating processes. For each process they consider how prior judgments about the uncertain parameters of the process are modified given the results of statistical sampling, and they investigate typical decision problems in which the main sources of uncertainty are the population parameters. They also discuss the value of sampling information and optimal sample sizes given sampling costs and the economics of the terminal decision problems. Unlike most introductory texts in statistics, Introduction to Statistical Decision Theory integrates statistical inference with decision making and discusses real-world actions involving economic payoffs and risks. After developing the rationale and demonstrating the power and relevance of the subjective, decision approach, the text also examines and critiques the limitations of the objective, classical approach., Unlike most introductory texts in statistics, Introduction to Statistical Decision Theory integrates statistical inference with decision making and discusses real-world actions involving economic payoffs and risks.

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