The Bayesian revolution in statistics—where statistics is integrated with decision making in areas such as management, public policy, engineering, and clinical medicine—is here to stay. Introduction to Statistical Decision Theory states the case and in a self-contained, comprehensive way shows how the approach is operational and relevant for real-world decision making under uncertainty. Starting with an extensive account of the foundations of decision theory, the authors develop the intertwining concepts of subjective probability and utility. They then systematically and comprehensively examine the Bernoulli, Poisson, and Normal (univariate and multivariate) data generating processes. For each process they consider how prior judgments about the uncertain parameters of the process are modified given the results of statistical sampling, and they investigate typical decision problems in which the main sources of uncertainty are the population parameters. They also discuss the value of sampling information and optimal sample sizes given sampling costs and the economics of the terminal decision problems. Unlike most introductory texts in statistics, Introduction to Statistical Decision Theory integrates statistical inference with decision making and discusses real-world actions involving economic payoffs and risks. After developing the rationale and demonstrating the power and relevance of the subjective, decision approach, the text also examines and critiques the limitations of the objective, classical approach.

Introduction to Statistical Decision Theory

Business & Money

Raiffa, Howard

Schlaifer, Robert

Pratt, John W.

Economics

Mit Pr

Eight essays address the inherent problems of the agency relationship, such as monitoring performance and the careful design of incentives. By applying agency theory to actual practices in areas as diverse as tax-sheltered programs and transfer pricing, the contributors present conceptual tools and practical ideas for shaping agency structures to serve the best interests of both parties. A research colloquium book.

Principals and Agents: The Structure of Business

Zeckhauser, Richard J.

Harvard Business School Pr

Eight essays address the inherent problems of the agency relationship, such as monitoring performance and the careful design of incentives. By applying agency theory to actual practices in areas as diverse as tax-sheltered programs and transfer pricing, the contributors present conceptual tools and practical ideas for shaping agency structures to serve the best interests of both parties. A research colloquium book.

Principals and Agents: The Structure of Business (Research colloquium)

Management & Leadership

Harvard Business Review Press

Given to Christ, and other Sermons

History

BiblioLife

Given to Christ, and other sermons This book, "Given to Christ and other sermons", by John W. Pratt, is a replication of a book originally published before 1889. It has been restored by human beings, page by page, so that you may enjoy it in a form as close to the original as possible.

Given to Christ and other sermons

Book on Demand Ltd.

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Books by Pratt, John W.