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.
