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Colleges

Decision theory

Course Description: Elements of Decision Making Without Data: Utility Function - Simple Action Space - Natural State Space - Simple Decision Using the Minimax Criterion and the Bayes Criterion - Compound Decision Using the Minimax Criterion - Using Data in Decision Making - Simple and Compound Decisions Using the Minimax Criterion - Bayes Decision - Treating Estimation as a Decision Problem, Especially Bayes Estimation - Treating Hypothesis Testing as a Decision Problem: Most Powerful Test, Minimax Test, and Bayes Test - Comparison of Tests.
Credit hours: 3
Prerequisites: 322 STAT
Objectives of the course :

This course aims to increase the student's knowledge of some basic statistical concepts that play a major role in dealing with hypotheses and problems related to continental drift theory.

Course outputs :

Acquiring knowledge in applying appropriate statistical methods in decision theory. Enhancing practical efficiency and expertise on how to apply statistics to societal problems, especially those requiring decision-making. Gaining cognitive skills related to decision theory and solving real-life problems. Improving the ability to pursue advanced studies in this field when needed.

Additional information:

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