FAK3121 Advanced Decision Theory 7.5 credits
This course has been discontinued.
Last planned examination: Spring 2019
Decision to discontinue this course:
The course is discontinued at the end of the autumn semester 2023 accordning to Head of school decision A-2023-2258, 3.2.2.
Decision date: 2023-11-06
Content and learning outcomes
Course contents
Decision theory seeks to analyse decision making by representing beliefs and preferences as probabilities and utilities, respectively. In this course we discuss the conceptual foundations of such an approach, by focusing on the Bayesian framework developed by Richard Jeffrey and contrast it with alternative approaches. Specifically, we will discuss the notion of desirability, the Bolker-Jeffrey representation theorem and the model of probability kinematics.
Intended learning outcomes
After completed course, the student should be able to analyse advanced arguments and issues in
- decision under risk and ignorance,
- the conceptual basis of decision theory and statistics
- formalization of decision problems.
Literature and preparations
Specific prerequisites
Entry requirements for PhD studies.
Recommended prerequisites
Equipment
Literature
Examination and completion
If the course is discontinued, students may request to be examined during the following two academic years.
Grading scale
Examination
Based on recommendation from KTH’s coordinator for disabilities, the examiner will decide how to adapt an examination for students with documented disability.
The examiner may apply another examination format when re-examining individual students.
Essay and/or oral examination according tu decission by the examinator
Opportunity to complete the requirements via supplementary examination
Opportunity to raise an approved grade via renewed examination
Examiner
Ethical approach
- All members of a group are responsible for the group's work.
- In any assessment, every student shall honestly disclose any help received and sources used.
- In an oral assessment, every student shall be able to present and answer questions about the entire assignment and solution.