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Making Decisions
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ISBN: 9780471908081

ID: 9780471908081

Making Decisions: Paperback: John Wiley & Sons Ltd: 9780471908081: 16 Oct 1985: Making Decisions Second Edition D.V. Lindley Formerly Professor of Statistics, University College London This book looks at the problems involved in decision-making and argues that there is only one logical way to make a decision. Making Decisions Second Edition D.V. Lindley Formerly Professor of Statistics, University College London This book looks at the problems involved in decision-making and argues that there is only one logical way to make a decision. By the use of three basic principles-assigning probabilities to the uncertain events; assigning utilities to the possible consequences; and choosing that decision that maximizes expected utility-decisions can be reached more efficiently and with less disagreement. It shows that only maximization of expected utility leads to sensible decision-making. This extensively revised second edition uses only elementary mathematics and will be of interest to all those concerned with decision-making and its consequences. Since his retirement from University College London in 1977 Professor Lindley has held visiting appointments at Berkeley, University of Florida, George Washington University, University of Sao Paulo, University of Wisconsin, Monash University, Australia, and University of Canterbury, New Zealand. Contents Decisions and uncertain events A numerical measure for uncertainty The laws of probability A numerical measure for consequences The utility of money Bayes' Theorem Value of information Decision trees The assessment of probabilities and utilities An appreciation Appendix Answers to exercises Glossary of Symbols Subject Index Applied Mathematics, , , , , , , , , , , ,, [PU: Wiley]

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Making Decisions - Lindley, D. V. / Lindley, Dennis V. / Lindley, Cody
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1977, ISBN: 9780471908081

ID: 1579763

Making Decisions Second Edition D.V. Lindley Formerly Professor of Statistics, University College London This book looks at the problems involved in decision-making and argues that there is only one logical way to make a decision. By the use of three basic principles--assigning probabilities to the uncertain events; assigning utilities to the possible consequences; and choosing that decision that maximizes expected utility--decisions can be reached more efficiently and with less disagreement. It shows that only maximization of expected utility leads to sensible decision-making. This extensively revised second edition uses only elementary mathematics and will be of interest to all those concerned with decision-making and its consequences. Since his retirement from University College London in 1977 Professor Lindley has held visiting appointments at Berkeley, University of Florida, George Washington University, University of Sao Paulo, University of Wisconsin, Monash University, Australia, and University of Canterbury, New Zealand. Contents * Decisions and uncertain events * A numerical measure for uncertainty * The laws of probability * A numerical measure for consequences * The utility of money * Bayes' Theorem * Value of information * Decision trees * The assessment of probabilities and utilities * An appreciation Appendix Answers to exercises Glossary of Symbols Subject Index Making Decisions Lindley, D. V. / Lindley, Dennis V. / Lindley, Cody, John Wiley & Sons

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1977, ISBN: 0471908088

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Making Decisions Second Edition D.V. Lindley Formerly Professor of Statistics, University College London This book looks at the problems involved in decision-making and argues that there is only one logical way to make a decision. By the use of three basic principles--assigning probabilities to the uncertain events; assigning utilities to the possible consequences; and choosing that decision that maximizes expected utility--decisions can be reached more efficiently and with less disagreement. It shows that only maximization of expected utility leads to sensible decision-making. This extensively revised second edition uses only elementary mathematics and will be of interest to all those concerned with decision-making and its consequences. Since his retirement from University College London in 1977 Professor Lindley has held visiting appointments at Berkeley, University of Florida, George Washington University, University of Sao Paulo, University of Wisconsin, Monash University, Australia, and University of Canterbury, New Zealand. Contents Decisions and uncertain events A numerical measure for uncertainty The laws of probability A numerical measure for consequences The utility of money Bayes' Theorem Value of information Decision trees The assessment of probabilities and utilities An appreciation Appendix Answers to exercises Glossary of Symbols Subject Index business,business and investing,education,education and reference,mathematics,science and math,science and math,statistics,textbooks Statistics, Wiley

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Making Decisions - Paperback

ISBN: 9780471908081

[ED: Taschenbuch], [PU: John Wiley and Sons Ltd], Making Decisions Second Edition D.V. Lindley Formerly Professor of Statistics, University College London This book looks at the problems involved in decision-making and argues that there is only one logical way to make a decision. By the use of three basic principles- assigning probabilities to the uncertain events assigning utilities to the possible consequences and choosing that decision that maximizes expected utility- decisions can be reached more efficiently and with less disagreement. It shows that only maximization of expected utility leads to sensible decision-making. This extensively revised second edition uses only elementary mathematics and will be of interest to all those concerned with decision-making and its consequences. Since his retirement from University College London in 1977 Professor Lindley has held visiting appointments at Berkeley, University of Florida, George Washington University, University of Sao Paulo, University of Wisconsin, Monash University, Australia, and University of Canterbury, New Zealand. Contents Decisions and uncertain events A numerical measure for uncertainty The laws of probability A numerical measure for consequences The utility of money Bayes' Theorem Value of information Decision trees The assessment of probabilities and utilities An appreciation Appendix Answers to exercises Glossary of Symbols Subject Index illustrations, index Versandfertig in über 4 Wochen, Neuware, gewerbliches Angebot

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Making Decisions - Lindley, Dennis V.
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Lindley, Dennis V.:
Making Decisions - Paperback

1985, ISBN: 0471908088

ID: 367072

Auflage: Revised. 22,4 x 15,2 x 2,0 cm, Taschenbuch 220 Seiten Taschenbuch ex Library Book / aus einer wissenschafltichen Bibliothek / gebraucht; gut, [PU:John Wiley & Sons,]

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Details of the book
Making Decisions 2e
Author:

Lindley, D. V.; Lindley, Dennis V.; Lindley, Cody

Title:

Making Decisions 2e

ISBN:

Making Decisions Second Edition D.V. Lindley Formerly Professor of Statistics, University College London This book looks at the problems involved in decision-making and argues that there is only one logical way to make a decision. By the use of three basic principles- assigning probabilities to the uncertain events; assigning utilities to the possible consequences; and choosing that decision that maximizes expected utility- decisions can be reached more efficiently and with less disagreement. It shows that only maximization of expected utility leads to sensible decision-making. This extensively revised second edition uses only elementary mathematics and will be of interest to all those concerned with decision-making and its consequences. Since his retirement from University College London in 1977 Professor Lindley has held visiting appointments at Berkeley, University of Florida, George Washington University, University of Sao Paulo, University of Wisconsin, Monash University, Australia, and University of Canterbury, New Zealand. ContentsDecisions and uncertain eventsA numerical measure for uncertaintyThe laws of probabilityA numerical measure for consequencesThe utility of moneyBayes' TheoremValue of informationDecision treesThe assessment of probabilities and utilitiesAn appreciationAppendix Answers to exercises Glossary of Symbols Subject Index

Details of the book - Making Decisions 2e


EAN (ISBN-13): 9780471908081
ISBN (ISBN-10): 0471908088
Paperback
Publishing year: 1991
Publisher: John Wiley & Sons
220 Pages
Weight: 0,363 kg
Language: eng/Englisch

Book in our database since 31.10.2007 08:30:11
Book found last time on 11.04.2017 14:40:19
ISBN/EAN: 9780471908081

ISBN - alternate spelling:
0-471-90808-8, 978-0-471-90808-1


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