第八章决策论资料.ppt

第八章 决策论 ;8 Decision Theory;The fundamental piece of data for decision theory problems is a payoff table: ;? The decision maker selects one of the possible decisions di. After this decision is made, a state of nature occurs. Say state j. The return received by the decision maker is rij. ;The question faced by the decision maker is: which decision to select? The decision will depend on the decision makers belief concerning what nature will do, that is, which state of nature will occur. If we believe state j will occur, we select the decision di associated with the largest number rij in colum