Proceedings of the 2015 3rd International Conference on Management Science, Education Technology, Arts, Social Science and Economics

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

Authors
Xiaoying Wang
Corresponding Author
Xiaoying Wang
Available Online November 2015.
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/).

Download article (PDF)

Volume Title
Proceedings of the 2015 3rd International Conference on Management Science, Education Technology, Arts, Social Science and Economics
Series
Advances in Social Science, Education and Humanities Research
Publication Date
November 2015
ISBN
978-94-6252-128-5
ISSN
2352-5398
DOI
10.2991/msetasse-15.2015.13How to use a DOI?
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/).

Cite this article

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  -