Description

Book Synopsis

Since the first edition of this book published, Bayesian networks have become even more important for applications in a vast array of fields. This second edition includes new material on influence diagrams, learning from data, value of information, cybersecurity, debunking bad statistics, and much more. Focusing on practical real-world problem-solving and model building, as opposed to algorithms and theory, it explains how to incorporate knowledge with data to develop and use (Bayesian) causal models of risk that provide more powerful insights and better decision making than is possible from purely data-driven solutions.

Features

  • Provides all tools necessary to build and run realistic Bayesian network models
  • Supplies extensive example models based on real risk assessment problems in a wide range of application domains provided; for example, finance, safety, systems reliability, law, forensics, cybersecurity and more
  • Introduces all necessary

Risk Assessment and Decision Analysis with

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A Paperback by Norman Fenton

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    View other formats and editions of Risk Assessment and Decision Analysis with by Norman Fenton

    Publisher: CRC Press
    Publication Date: 10/14/2024
    ISBN13: 9781032917917, 978-1032917917
    ISBN10: 1032917911

    Description

    Book Synopsis

    Since the first edition of this book published, Bayesian networks have become even more important for applications in a vast array of fields. This second edition includes new material on influence diagrams, learning from data, value of information, cybersecurity, debunking bad statistics, and much more. Focusing on practical real-world problem-solving and model building, as opposed to algorithms and theory, it explains how to incorporate knowledge with data to develop and use (Bayesian) causal models of risk that provide more powerful insights and better decision making than is possible from purely data-driven solutions.

    Features

    • Provides all tools necessary to build and run realistic Bayesian network models
    • Supplies extensive example models based on real risk assessment problems in a wide range of application domains provided; for example, finance, safety, systems reliability, law, forensics, cybersecurity and more
    • Introduces all necessary

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