Discover recent powerful advances in the theory, methods, and
applications of decision and risk analysis Focusing on modern
advances and innovations in the field of decision analysis (DA),
Breakthroughs in Decision Science and Risk Analysis presents
theories and methods for making, improving, and learning from
significant practical decisions. The book explains these new
methods and important applications in an accessible and stimulating
style for readers from multiple backgrounds, including psychology,
economics, statistics, engineering, risk analysis, operations
research, and management science. Highlighting topics not
conventionally found in DA textbooks, the book illustrates genuine
advances in practical decision science, including developments and
trends that depart from, or break with, the standard axiomatic DA
paradigm in fundamental and useful ways. The book features methods
for coping with realistic decision-making challenges such as online
adaptive learning algorithms, innovations in robust
decision-making, and the use of a variety of models to explain
available data and recommend actions. In addition, the book
illustrates how these techniques can be applied to dramatically
improve risk management decisions. Breakthroughs in Decision
Science and Risk Analysis also includes: * An emphasis on new
approaches rather than only classical and traditional ideas *
Discussions of how decision and risk analysis can be applied to
improve high-stakes policy and management decisions * Coverage of
the potential value and realism of decision science within
applications in financial, health, safety, environmental, business,
engineering, and security risk management * Innovative methods for
deciding what actions to take when decision problems are not
completely known or described or when useful probabilities cannot
be specified * Recent breakthroughs in the psychology and brain
science of risky decisions, mathematical foundations and
techniques, and integration with learning and pattern recognition
methods from computational intelligence Breakthroughs in Decision
Science and Risk Analysis is an ideal reference for researchers,
consultants, and practitioners in the fields of decision science,
operations research, business, management science, engineering,
statistics, and mathematics. The book is also an appropriate guide
for managers, analysts, and decision and policy makers in the areas
of finance, health and safety, environment, business, engineering,
and security risk management.
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