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| Overview |
CAN YOU EVER BE SURE YOU'RE MAKING THE RIGHT DECISION? Should you stay in a comfy job with little chance of advancement-or take a riskier one in which you could make lots of money but also wind up on the street? Should you listen to a doctor who advises surgery-or trust another who tells you to wait and see if your condition improves? Should you remain in a cozy relationship without much spark-or cut your losses and search for your soul mate? Is there ever a 'right' decision? Professor James Stein would argue yes, and in this provocative new book, he shows you how to apply the mathematical principles of Decision Theory to every aspect of your life. Ingeniously blending statistics, probability, game theory, economics, and even philosophy, this dynamic new approach to decision making can help you choose a new career path, buy a better home, even pick the perfect mate. With The Right Decision, you can't go wrong. INCLUDES ENTERTAINING INTERACTIVE QUIZZES TO HELP YOU MAKE THE RIGHT DECISION EVERY TIME! |
| About the authors |
James Stein is a Yale graduate who received both his M.A. and Ph.D at U.C. Berkeley, is Professor of Mathematics at California State University, past member of the enormously prestigious Institute of Advanced Studies at Princeton (where Oppenheimer held the physics chair formerly held by Einstein and became the head of the Institute) and co-author of two other books. He is also the author of the soon-to-be-published book, How Math Explains the World (Harper-Collins 2008) which is scheduled for an initial print run of 50,000; translation rights have already been sold in a number of countries. |
| Table of contents |
Table of Contents 1. Decisions 2. Actions 3. Payoffs 4. Relevance of Payoffs 5. States 6. Criteria for Decions 7. Admissibility 8. The Minimax Criterion 9. The Maximax Criterion 10. Baye's Criterion 11. Preferences and Utilities 12. Value and Cost of Information 13. Choosing a Criterion 14. Game Theory 15. Competitive Solution 16. Cooperative Solution 17. Vindictive Solution 18. Encore Performance |
