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Jun 15, 2024
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EMGT 5154 - Bayesian Analysis for Human Decision
The Bayesian approach to decision-making with numerous applications in engineering, business, and healthcare. Discriminant analysis and ROC curve. Expected value maximization, decision trees, Bayes’ theorem, value of information, Bayesian networks and optimal strategies. Axiomatic utility controversies and prospect theory. Theoretical and empirical determination of utility functions and relationship to human belief network. Brief introduction to multi-attribute problems, time streams, data envelopment analysis, and group decisions.
Credit Hours: (3)
Cross-listed Course(s): SEGR 4154
Schedule of Classes
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