STAT 365 Statistics and Decision Making
Structure of decision making. Decision making under certainty, risk, uncertainty, and conflict. Utility and loss functions. Minimax, maxmin, and regret strategies. Elements of game theory, two-person zero sum games, randomized strategies, two-person non-constant-sum games. Introduction to n-person games. Decision making with multiple objectives. (LA)
Prerequisite: STAT 261 or permission of instructor.
Up one level