Rational Decisions
Rational Decisions It is widely held that Bayesian decision theory is the final word on how a rational person should make decisions. If taken seriously, this view makes Bayesian decision theory…
Specifikacia Rational Decisions
Rational Decisions
It is widely held that Bayesian decision theory is the final word on how a rational person should make decisions. If taken seriously, this view makes Bayesian decision theory inappropriate for the large worlds of scientific discovery and macroeconomic enterprise. However, Leonard Savage--the inventor of Bayesian decision theory--argued that it would be ridiculous to use his theory outside the kind of small world in which it is always possible to look before you leap.
Using a minimum of mathematics, Rational Decisions clearly explains the foundations of Bayesian decision theory and shows why Savage restricted the theory's application to small worlds.The book is a wide-ranging exploration of standard theories of choice and belief under risk and uncertainty. When is it correct to use Bayesian decision theory--and when does it need to be modified? Ken Binmore discusses the
Rational Decisions
Rational Factory
Rational Fog
Decisions
Rational Optimist
Rational Fasting
Rational Optimist
Project Decisions
Rational Bible: Genesis
Rational Bible: Deuteronomy
Strategic Decisions
Crucial Decisions
Dependent Rational Animals
Seven Decisions