Decisions Under Uncertainty, with Research ApplicationsTextbook on decision making theory under uncertainty, with emphasis on research applications - covers probability, utility measurement, statistical analysis (regression analysis), etc., and includes applications in agriculture, geology, forest establishment and climatology. |
From inside the book
27 pages matching conditional probabilities in this book
Where's the rest of this book?
Results 1-3 of 27
Contents
CHAPTER | 1 |
The Forest Fire Prob | 10 |
SOME CONCEPTS OF PROBABILITY THEORY 14 Sets | 26 |
Copyright | |
10 other sections not shown
Common terms and phrases
a₂ action a₁ action probabilities alternative average utility Bayes Bayesian strategy calculated cash Chapter choice column conditional probabilities convex set criteria crop decision maker decision problem decision theory decision-making problem derived dollar drill elements equation example expected gain expected monetary value expected value farm farmers fodder reserve programs framework G₁ gains and losses gains table given Hurwicz income indifference curve individual L. J. Savage linear M₁ marginal utility maximizing expected utility maximum meter reading minimax regret monetary gains monetary outcomes nature observations obtain occur optimal P(A₁ payoff percent perfect predictor possible posterior distribution posterior probabilities predicted preferred action price forecast prices favor prior distribution prior probabilities prob probability function procedure pure strategies rainfall rancher random variable range conditions reference contract risk selected shown in Table situations subset Suppose tion utility analysis utility function utility values variance weather Z₁