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MATH 424

Statistical Decision Theory

James Madison University 3 credits MATH

Course Description

Development and use of probability and statistics for strategic decision making with applications. Topics include decision flow diagrams, analysis of risk and risk aversion, utility theory, Bayesian statistical methods, the economics of sampling, sensitivity analysis and collective decision making. Prerequisite(s): MATH 318 or MATH 329 .

Code
MATH 424
Credits
3
Subject
MATH

Programs That Include This Course

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