Statistics for Making Decisions - Image 1

£109.25

CRC Press Statistics for Making Decisions

Name: Statistics for Making Decisions
Brand: CRC Press
Price: 104.64 GBP
Availability: InStock

Applied Mathematics

Price History & Forecast

Last 35 days • 35 data points (No recent data available)

Historical

Generating forecast...

Price Distribution

Price distribution over 35 days • 4 price levels

Days at Price

Current Price

Price Analysis

Most common price: £105 (19 days, 54.3%)

Price range: £105 - £112

Price levels: 4 different prices over 35 days

Description

Making decisions is a ubiquitous mental activity in our private and professional or public lives. It entails choosing one course of action from an available shortlist of options. Statistics for Making Decisions places decision making at the centre of statistical inference, proposing its theory as a new paradigm for statistical practice. The analysis in this paradigm is earnest about prior information and the consequences of the various kinds of errors that may be committed. Its conclusion is a course of action tailored to the perspective of the specific client or sponsor of the analysis. The author’s intention is a wholesale replacement of hypothesis testing, indicting it with the argument that it has no means of incorporating the consequences of errors which self-evidently matter to the client. The volume appeals to the analyst who deals with the simplest statistical problems of comparing two samples (which one has a greater mean or variance), or deciding whether a parameter is positive or negative. It combines highlighting the deficiencies of hypothesis testing with promoting a principled solution based on the idea of a currency for error, of which we want to spend as little as possible. This is implemented by selecting the option for which the expected loss is smallest (the Bayes rule). The price to pay is the need for a more detailed description of the options, and eliciting and quantifying the consequences (ramifications) of the errors. This is what our clients do informally and often inexpertly after receiving outputs of the analysis in an established format, such as the verdict of a hypothesis test or an estimate and its standard error. As a scientific discipline and profession, statistics has a potential to do this much better and deliver to the client a more complete and more relevant product. Nicholas T. Longford is a senior statistician at Imperial College, London, specialising in statistical methods for neonatal medicine. His interests include causal analysis of observational studies, decision theory, and the contest of modelling and design in data analysis. His longer-term appointments in the past include Educational Testing Service, Princeton, NJ, USA, de Montfort University, Leicester, England, and directorship of SNTL, a statistics research and consulting company. He is the author of over 100 journal articles and six other monographs on a variety of topics in applied statistics.

Product Specifications

Brand: CRC Press
Format: hardcover
ASIN: 0367342677
Category: Books > Subjects > Science, Nature & Maths > Mathematics > Applied Mathematics
Domain: Amazon UK
Release Date: 03 March 2021
Listed Since: 09 September 2020

Barcode

No barcode data available

CRC Press Statistics for Making Decisions

Price History & Forecast

Price Distribution

Price Analysis

Description

Product Specifications

Barcode

Similar Products You Might Like

Statistics for Making Decisions

Bayesian Cost-Effectiveness Analysis of Medical Treatments (Chapman & Hall/CRC Biostatistics Series)

Theory of Statistical Inference (Chapman & Hall/CRC Texts in Statistical Science)

Bayesian Model Selection and Statistical Modeling (Statistics: Textbooks and Monographs)

Statistics -- Volume 3: Categorical and Time Dependent Data Analysis (Mathematics Research Developments)

Theory of Statistical Inference (Chapman & Hall/CRC Texts in Statistical Science)

Statistics in the Health Sciences: Theory, Applications, and Computing

What If There Were No Significance Tests?: Classic Edition (Multivariate Applications Series)

The A-Z of Error-Free Research

Probability, Choice, and Reason

Statistical Reasoning for Surgeons

Statistics: A First Course with Data CD

Statistical and Inductive Inference by Minimum Message Length (Information Science and Statistics)

Empirical Likelihood Methods in Biomedicine and Health - CRC Press

A Course in Categorical Data Analysis: 45 (Chapman & Hall/CRC Texts in Statistical Science)

Introduction to Statistical Modelling and Inference

A Whistle-Stop Tour of Statistics

Wiley Biostatistics: A Bayesian Introduction - 499 Series

The Encyclopaedic Companion to Medical Statistics

Statistical Decision Theory: Estimation, Testing, and Selection (Springer Series in Statistics)

An Introduction to Bayesian Analysis: Theory and Methods (Springer Texts in Statistics)

Bayesian Thinking in Biostatistics (Chapman & Hall/CRC Texts in Statistical Science)

Statistics in Medicine

Bayesian Missing Data Problems: EM, Data Augmentation and Noniterative Computation: 32 (Chapman & Hall/CRC Biostatistics)