Decision Theory (Paperback) (ISBN-13: 9798364904546)

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.

Author: Mila Nadrljanski, Kristina Vidovic, Đorđe Nadrljanski
ISBN-10: 836490454X
ISBN-13: 9798364904546
Publisher: Independently Published
Language: English
Published: 11/21/2022
Pages: 214
Format: Paperback
Weight: 0.64lbs
Size: 9.00h x 6.00w x 0.45d