New Insights into Bayesian Inference
This book is an introduction to the mathematical analysis of Bayesian decision-making when the state of the problem is unknown but further data about it can be obtained. The objective of such analysis is to determine the optimal decision or solution that is logically consistent with the preferences...
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| Format: | eBook |
| Language: | English |
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IntechOpen
2018
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| Collection: | Directory of Open Access Books - Collection details see MPG.ReNa |
| Summary: | This book is an introduction to the mathematical analysis of Bayesian decision-making when the state of the problem is unknown but further data about it can be obtained. The objective of such analysis is to determine the optimal decision or solution that is logically consistent with the preferences of the decision-maker, that can be analyzed using numerical utilities or criteria with the probabilities assigned to the possible state of the problem, such that these probabilities are updated by gathering new information. |
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| Item Description: | Creative Commons (cc), https://creativecommons.org/licenses/by/3.0/ |
| Physical Description: | 1 electronic resource (140 p.) |
| ISBN: | 9781838814748 intechopen.70722 9781789230925 9781789230932 |