Decision Theory by John Bather - 9780471976493

Decision TheoryAn Introduction to Dynamic Programming and Sequential Decisions\nAuthor(s): John Bather\nFormat: Paperback\nPublisher: John Wiley & Sons Inc, United States\nImprint: John Wiley & Sons Inc\nISBN-13: 9780471976493, 978-0471976493\nSynopsis\nDecision Theory An Introduction to Dynamic Programming and Sequential Decisions John Bather University of Sussex, UK Mathematical induction, and its use in solving optimization problems, is a topic of great interest with many applications. It enables us to study multistage decision problems by proceeding backwards in time, using a method called dynamic programming. All the techniques needed to solve the various problems are explained, and the author's fluent style will leave the reader with an avid interest in the subject. * Tailored to the needs of students of optimization and decision theory * Written in a lucid style with numerous examples and applications * Coverage of deterministic models: maximizing utilities, directed n.