An Outline of the Bayesian Decision Theory
H.R.N. van Erp, R.O. Linger, and P.H.A.J.M. van Gelder
TL;DR
This paper provides an overview of Bayesian Decision Theory, explaining its principles and applications in decision-making under uncertainty.
Contribution
It offers a concise outline of Bayesian Decision Theory, highlighting its fundamental concepts and potential uses.
Findings
Clarifies core principles of Bayesian Decision Theory
Summarizes applications in decision-making
Provides foundational understanding for further research
Abstract
In this paper we give an outline on the Bayesian Decision Theory.
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