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Optimal Learning
Hardcover
Series: Wiley Probability and Statistics
ISBN13: 9780470596692
Publisher: John Wiley & Sons
Published: Mar 27 2012
Pages: 414
Weight: 1.49
Height: 1.10 Width: 6.30 Depth: 9.30
Language: English
Everyday decisions are made without the benefit of accurate information. Optimal Learning develops the needed principles for gathering information to make decisions, especially when collecting information is time-consuming and expensive. Designed for readers with an elementary background in probability and statistics, the book presents effective and practical policies illustrated in a wide range of applications, from energy, homeland security, and transportation to engineering, health, and business.
This book covers the fundamental dimensions of a learning problem and presents a simple method for testing and comparing policies for learning. Special attention is given to the knowledge gradient policy and its use with a wide range of belief models, including lookup table and parametric and for online and offline problems. Three sections develop ideas with increasing levels of sophistication:
- Fundamentals explores fundamental topics, including adaptive learning, ranking and selection, the knowledge gradient, and bandit problems
- Extensions and Applications features coverage of linear belief models, subset selection models, scalar function optimization, optimal bidding, and stopping problems
- Advanced Topics explores complex methods including simulation optimization, active learning in mathematical programming, and optimal continuous measurements
Each chapter identifies a specific learning problem, presents the related, practical algorithms for implementation, and concludes with numerous exercises. A related website features additional applications and downloadable software, including MATLAB and the Optimal Learning Calculator, a spreadsheet-based package that provides an introduc-tion to learning and a variety of policies for learning.
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