Applied Statistical Decision Theory

by Howard Raiffa

"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

384 pages, Paperback

First published January 1, 1961

Reviews

[daniel · Rating 5 out of 5]

this is a classic for all nerds interested in figuring out how to make optimal decisions. unfortunately, it works only in abstract worlds and i have found that people who understand this book are actually quite bad in making decisions themselves. but very interesting...