J4 ›› 2013, Vol. 12 ›› Issue (4): 6-8.

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Decision-Making Research Based on Bayesian Formula

  

  1. Lincang Teachers’College, Lincang, Yunnan 677000, China
  • Received:2012-11-30 Revised:2012-12-28 Online:2013-04-15 Published:2013-04-15

Abstract:

Based on the objective investigation, we can modify the priori probability by using Bayesian formula, and provide more reliable information for decision makers. This article gives an example about the Bayesian formula application in economy decision-making, and also uses Bayesian formula to explain certain credit and public opinion phenomena in life.

Key words: Bayesian formula, decision, probability

CLC Number: