Analysis on Risk Decision and Avoidance strategy based on the Bayesian Formula

DOI

10.2991/msetasse-15.2015.13How to use a DOI?

Keywords

Bayesian formula; Risk decision; Mitigation strategy

Abstract

In the investment decision, we often come across the decision problem in an uncertain state operating, for this kind of problem solely on subjective or objective data for decision making, the blindness and risk are larger. Therefore, in the increasingly fierce competition of the market economy condition, need to have a scientific approach to investment decision to provide smaller risk solutions. If some sort of sampling test before making decisions, the information provided by decision maker according to the result of sampling, on the state of nature that affect the decision of increase understanding and then make decisions, which can improve the correctness of decisions. This research through the instance, the risk decision are discussed in detail how to use the Bayesian formula in effectively integrate relevant information, choose the optimal strategy, and explain the optimal decision.

Copyright

© 2015, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Xiaoying Wang
PY  - 2015/11
DA  - 2015/11
TI  - Analysis on Risk Decision and Avoidance strategy based on the Bayesian Formula
BT  - Proceedings of the 2015 3rd International Conference on Management Science, Education Technology, Arts, Social Science and Economics
PB  - Atlantis Press
SP  - 46
EP  - 50
SN  - 2352-5398
UR  - https://doi.org/10.2991/msetasse-15.2015.13
DO  - 10.2991/msetasse-15.2015.13
ID  - Wang2015/11
ER  -