Optimal Statistical Decisions (Wiley Classics Library)

Rating:
Summary: Lucid and comprehensive book
Review: As an IO researcher I have found this book to be invaluable. Bayesian and sequential decision problems are explained from the bottom-up with great clarity. Its a shame this classic is out of print!

Rating:
Summary: Great Book, Clear
Review: I was looking for particular information about conjugate priors , and this book had exactly what I was looking for.

Chapters Include: Subjective Probability, Utility, Decision Problems, Conjugate Prior Distributions, Sequential Decisions, Optimal Stopping

Rating:
Summary: good handbook for finance and IO research
Review: It is a wonderful book for financial and Industrial Organization research. The book illustrates how to use Bayisan Statistics for updating counsumers/traders' information about products/stocks, which is widely used in asymetric/coordination games and in uncertainty research.

The book is clearly written, easy to understand even without a solid backgroup in Baysian Statistics. And with a normal prior distribution of belief, you will get a beautiful/approachable normal posterior distribution. This definitely simplies the information-updating process much.