Applied Statistical Decision Theory

"In the field of statistical decision theory, Raiffa and Schlaifer have sought to develop new analytic techniques by which the modern theory of utility and subjective probability can actually be applied to the economic analysis of typical sampling problems." -From the foreword to their classic work Applied Statistical Decision Theory. First published in the 1960s through Harvard University and MIT Press, the book is now offered in a new paperback edition from Wiley

Howard Raiffa was an American academic who was the Frank P. Ramsey Professor of Managerial Economics, a joint chair held by the Business School and the Kennedy School of Government at Harvard University.

Robert Schlaifer is the author of Applied Statistical Decision Theory, published by Wiley.

Foreword

v

Preface and Introduction

vi

Part I: Experimentation and Decision: General Theory

The Problem and the Two Basic Modes of Analysis

3

(25)

Sufficient Statistics and Noninformative Stopping

28

(15)

Conjugate Prior Distributions

43

(36)

Part II: Extensive-Form Analysis When Sampling and Terminal Utilities Are Additive

Additive Utility, Opportunity Loss, and the Value of Information: Introduction to Part II

79

(14)

Linear Terminal Analysis

93

(46)

Selection of the Best of Several Processes

139

(37)

Problems in Which the Act and State Spaces Coincide

176

(35)

Part III: Distribution Theory

Univariate Normalized Mass and Density Functions

211

(31)

Natural Univariate Mass and Density Functions

213

(19)

Compound Univariate Mass and Density Functions

232

(10)

Multivariate Normalized Density Functions

242

(19)

Bernoulli Process

261

(14)

Poisson Process

275

(15)

Independent Normal Process

290

(20)

Mean Known

290

(4)

Precision Known

294

(4)

Neither Parameter Known

298

(12)

Independent Multinormal Process

310

(24)

Precision Known

310

(6)

Relative Precision Known

316

(10)

Interrelated Univariate Normal Processes

326

(8)

Normal Regression Process

334

(15)

Precision Known

336

(6)

Precision Unknown

342

(7)

Xt X Singular

349

What is included with this book?

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.

FREE SHIPPING

Amazon no longer offers textbook rentals. We do!

Applied Statistical Decision Theory

Summary

Author Biography

Table of Contents

Supplemental Materials