INSTITUTE OF APPLIED MATHEMATICS
Last Updated:
21/07/2017 - 12:25

IAM555 - Statistical Decision Theory

Credit: 3(3-0); ECTS: 8.0
Instructor(s): Consent of IAM
Prerequisites: Consent of Instructor(s)

Course Catalogue Description

Introduction to decision making, expected loss, decision rules and risk, decision principles, utility and loss, prior information and subjective probability, Bayesian analysis, posterior distribution, Bayesian inference, Bayesian Decision theory, minimax analysis, value of information, sequential decision procedures, multi decision problems.

Course Objectives

Course Learning Outcomes

Tentative (Weekly) Outline

Introduction to decision making, expected loss, decision rules and risk, decision principles, utility and loss, prior information and subjective probability, Bayesian analysis, posterior distribution, Bayesian inference, Bayesian Decision theory, minimax analysis, value of information, sequential decision procedures, multi decision problems.

More Info on METU Catalogue

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