ECON 4375 - 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. A-E Only.
LA
Prerequisite(s): STAT 2610 or permission of instructor, and JrS.