ECON 375 - Statistics and Decision Making 3.s.h.

Structure of decision making. Decision making under certainty, risk, uncertainty, and conflict. Utility and loss functions. Minimax, maxmin, and regret strategies. Elements of game theory, two-person zero sum games, randomized strategies, two-person non-constant-sum games. Introduction to n-person games. Decision making with multiple objectives.
LA
Cross-listed as STAT 365.
Prerequisite(s): STAT 261 or permission of instructor, and JrS.