Project economics and decision analysis / M.A. Mian - Details - TroveDecision theory or the theory of choice not to be confused with choice theory is the study of an agent's choices. Decision theory is closely related to the field of game theory  and is an interdisciplinary topic, studied by economists, statisticians, psychologists, biologists,  political and other social scientists, philosophers,  and computer scientists. Empirical applications of this rich theory are usually done with the help of statistical and econometric methods. Normative decision theory is concerned with identification of optimal decisions where optimality is often determined by considering an ideal decision maker who is able to compute with perfect accuracy and is in some sense fully rational. The practical application of this prescriptive approach how people ought to make decisions is called decision analysis and is aimed at finding tools, methodologies, and software decision support systems to help people make better decisions.
Description. rumahhijabaqila.com by M.A. Mian. In Volume 2: Probabilistic Models, author M.A. Mian presents the concepts of decision analysis, incorporating risk.
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The author and publisher assume no liability whatsoever for any loss or damage that results from the use of any of the material in this book. Use of the material in this book is solely at the risk of the user. Mian, M. All rights reserved. No part of this book may be reproduced, stored in a retrieval system, or transcribed in any form or by any means, electronic or mechanical, including photocopying and recording, without the prior written permission of the publisher.