{"product_id":"making-decisions-isbn-9780471908081","title":"Making Decisions","description":"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 \u003col\u003e \u003cli\u003eDecisions and uncertain events\u003c\/li\u003e \u003cli\u003eA numerical measure for uncertainty\u003c\/li\u003e \u003cli\u003eThe laws of probability\u003c\/li\u003e \u003cli\u003eA numerical measure for consequences\u003c\/li\u003e \u003cli\u003eThe utility of money\u003c\/li\u003e \u003cli\u003eBayes’ Theorem\u003c\/li\u003e \u003cli\u003eValue of information\u003c\/li\u003e \u003cli\u003eDecision trees\u003c\/li\u003e \u003cli\u003eThe assessment of probabilities and utilities\u003c\/li\u003e \u003cli\u003eAn appreciation\u003c\/li\u003e \u003c\/ol\u003e Appendix Answers to exercises Glossary of Symbols Subject Index  Decisions and Uncertain Events.\u003cbr\u003e \u003cbr\u003e A Numerical Measure for Uncertainty.\u003cbr\u003e \u003cbr\u003e The Laws of Probability.\u003cbr\u003e \u003cbr\u003e A Numerical Measure for Consequences.\u003cbr\u003e \u003cbr\u003e The Utility of Money.\u003cbr\u003e \u003cbr\u003e Bayes' Theorem.\u003cbr\u003e \u003cbr\u003e Value of Information.\u003cbr\u003e \u003cbr\u003e Decision Trees.\u003cbr\u003e \u003cbr\u003e The Assessment of Probabilities and Utilites.\u003cbr\u003e \u003cbr\u003e An Appreciation.\u003cbr\u003e \u003cbr\u003e Appendix.\u003cbr\u003e \u003cbr\u003e Answers to Exercises.\u003cbr\u003e \u003cbr\u003e Glossary of Symbols.\u003cbr\u003e \u003cbr\u003e Subject Index.  \u003cp\u003e\u003cstrong\u003eDENNIS V. LINDLEY\u003c\/strong\u003e is Professor Emeritus of Statistics and the former Head of Department at University College London. He is a Guy Medalist in Gold of the Royal Statistical Society and a founding organizer and former president of the celebrated Valencia International Meetings on Bayesian Statistics. Professor Lindley has published over 100 scholarly articles and several books, including \u003cem\u003eMaking Decisions\u003c\/em\u003e, also published by Wiley.   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 \u003c\/p\u003e\u003col\u003e \u003cli\u003eDecisions and uncertain events\u003c\/li\u003e \u003cli\u003eA numerical measure for uncertainty\u003c\/li\u003e \u003cli\u003eThe laws of probability\u003c\/li\u003e \u003cli\u003eA numerical measure for consequences\u003c\/li\u003e \u003cli\u003eThe utility of money\u003c\/li\u003e \u003cli\u003eBayes’ Theorem\u003c\/li\u003e \u003cli\u003eValue of information\u003c\/li\u003e \u003cli\u003eDecision trees\u003c\/li\u003e \u003cli\u003eThe assessment of probabilities and utilities\u003c\/li\u003e \u003cli\u003eAn appreciation\u003c\/li\u003e \u003c\/ol\u003e Appendix Answers to exercises Glossary of Symbols Subject Index","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989555298533,"sku":"NP9780471908081","price":101.5,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780471908081.jpg?v=1761784577","url":"https:\/\/k12savings.com\/products\/making-decisions-isbn-9780471908081","provider":"K12savings","version":"1.0","type":"link"}