ABSTRACT

The fact is that making decisions is the most important part of most jobs. Sometimes we may yearn for an easy one for a change, but the easy decisions are the ones that we made long ago or presently with such ease that we don't count them in with the rest. It's always the hard ones that we're left with, and they're hard because they have a set of arguments on the one hand and an opposing set on the other. That's why an important branch of statistics is devoted to decision theory and why even a simple book like this one spends a lot of time on the subject of tradeoffs.