Decisions under uncertainty using Bayesian analysis

The present paper makes a short presentation of the Bayesian decions method, where extrainformation brings a great support to decision making process, but also attract new costs. In this situation, getting new information, generally experimentaly based, contributes to diminushing the uncertainty deg...

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Bibliographic Details

Main Author:	Stelian STANCU
Format:	Artigo
Language:	Inglês
Published:	Inforec Association 2006-01-01
Series:	Informatică economică
Subjects:	decision uncertainty decision process Bayesian analysis extra-information.
Online Access:	http://www.revistaie.ase.ro/content/37/STANCU.pdf
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