A theory of Bayesian decision making with action-dependent subjective probabilities (Q639893)
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scientific article; zbMATH DE number 5956791
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | A theory of Bayesian decision making with action-dependent subjective probabilities |
scientific article; zbMATH DE number 5956791 |
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A theory of Bayesian decision making with action-dependent subjective probabilities (English)
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11 October 2011
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The author develops a theory of Bayesian decision making and claims that the results have natural interpretations in the context of medical decision making and the analysis of life insurance, health insurance, as well as standard portfolio and property insurance problems.
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Bayesian decision making
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subjective probabilities
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prior distributions
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beliefs
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