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Item Details
Title: BAYESIAN THEORY
By: Jose M. Bernardo, Adrian F. M. Smith
Format: Other digital

List price: £54.00


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ISBN 10: 047031687X
ISBN 13: 9780470316870
Publisher: JOHN WILEY AND SONS LTD
Pub. date: 27 May, 2008
Pages: 608
Description: A controversial philosophical approach to statistics following the work of Rev Thomas Bayes (1701). To solve a problem or to make a decision, the Bayesian collects data from all possible theories and assigns a probability to them. This generates a prior distribution from which, workable parameters are determined and complex calculations are made.
Synopsis: This highly acclaimed text, now available in paperback, provides a thorough account of key concepts and theoretical results, with particular emphasis on viewing statistical inference as a special case of decision theory. Information-theoretic concepts play a central role in the development of the theory, which provides, in particular, a detailed discussion of the problem of specification of so-called prior ignorance . The work is written from the authors s committed Bayesian perspective, but an overview of non-Bayesian theories is also provided, and each chapter contains a wide-ranging critical re-examination of controversial issues. The level of mathematics used is such that most material is accessible to readers with knowledge of advanced calculus. In particular, no knowledge of abstract measure theory is assumed, and the emphasis throughout is on statistical concepts rather than rigorous mathematics. The book will be an ideal source for all students and researchers in statistics, mathematics, decision analysis, economic and business studies, and all branches of science and engineering, who wish to further their understanding of Bayesian statistics
Publication: US
Imprint: Wiley-Blackwell
Returns: Non-returnable
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