{"product_id":"making-decisions-1","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\n\u003cli\u003eDecisions and uncertain events\u003c\/li\u003e\n\u003cli\u003eA numerical measure for uncertainty\u003c\/li\u003e\n\u003cli\u003eThe laws of probability\u003c\/li\u003e\n\u003cli\u003eA numerical measure for consequences\u003c\/li\u003e\n\u003cli\u003eThe utility of money\u003c\/li\u003e\n\u003cli\u003eBayes’ Theorem\u003c\/li\u003e\n\u003cli\u003eValue of information\u003c\/li\u003e\n\u003cli\u003eDecision trees\u003c\/li\u003e\n\u003cli\u003eThe assessment of probabilities and utilities\u003c\/li\u003e\n\u003cli\u003eAn appreciation\u003c\/li\u003e\n\u003c\/ol\u003e Appendix Answers to exercises Glossary of Symbols Subject Index","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":54232062689624,"sku":"9780471908081","price":69.99,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0278\/1295\/4195\/files\/9780471908081.jpg?v=1779941747","url":"https:\/\/agendabookshop.com\/products\/making-decisions-1","provider":"Agenda Bookshop","version":"1.0","type":"link"}