TY  - BOOK
AU  - Schlaifer,Robert
TI  - Probability and statistics for business decisions: an introduction to managerial economics under uncertainty 
AV  - HD38 .S35
U1  - 658.4'03 
PY  - 1959///
CY  - New York
PB  - McGraw-Hill
KW  - Industrial management
KW  - Statistical decision
KW  - Probabilities
N1  - Includes bibliographical references and index
N2  - This book is a non-mathematical introduction to the logical analysis of practical business problems in which a decision must be reached under uncertainty. The analysis which it recommends is based on the modern theory of utility and what has come to be known as the "personal" definition of probability; the author believes, in other words, that when the consequences of various possible courses of action depend on some unpredictable event, the practical way of choosing the "best" act is to assign values to consequences and probabilities to events and then to select the act with the highest expected value
ER  -