1. Statistics and decisions 2. Probability and statistical inference 3. Utility theory 4. Utility function elicitation 5. Classical and bayesian statistical decision theory 6. Statistics, causality, and decisions
Silvia Bacci is Assistant Professor of Statistics at the Department of Statistics, Computer Science and Applications "G. Parenti", University of Florence (Italy). Her research interests are addressed to statistical decision theory, with focus on utility theory, and latent variable models, with focus on item response theory models, latent class models, and models for longitudinal and multilevel data.Bruno Chiandotto is adjunct Full Professor of Statistics at the Department of Statistics, Computer Science and Applications "G. Parenti", University of Florence (Italy). He is mainly interested in the definition and estimation of linear and nonlinear statistical models, multivariate data analysis, customer satisfaction, causal analysis, statistical decision theory and utility theory. A large part of his research activity has been carried out under projects funded by international, national and local institutions.
"A major strength of the book is its linking of decision theory
to real-world examples and behaviors, outlining the limitations and
alternatives to normative decision theory, while also stressing its
strengths and appropriateness in a vast array of situations. Such
discussion is particularly valuable in the context of practical
applications that imply utility elicitation from individuals. A
second major strength is the presence of detailed worked out
examples, as well as case studies from either the authors'
experience or the literature. As core probability and statistical
concepts are reviewed in the earlier chapters, the book is suitable
for both students and graduates with a quantitative, although not
necessarily statistical, background. The balance between the
theoretical exposition and the practical applicability of the
concepts makes this book particularly appealing to readers aiming
to gain insight into the decision theoretic field for both personal
and professional purposes."
- Silvia Calderazzo, Appeared in Biometrical
Journal, July 2020
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