Decision Theory

Research topics include development of  dynamic decision theory and methods in macroeconomic policy and finance.  
Decision theoretic approaches aim to utilize improved forecasts (from developments in dynamic modelling and time series prediction)  in the contexts of investment and/or policy decisions. Topical research themes included:  multi-step  dynamic decision analysis; dynamic  optimisation problems based on the concept of Bayesian emulation; novel utility formulations that reflect interests in smooth and sparse transitions of decisions in sequential/dynamic contexts;  applications in financial portfolio analysis, and in national-level macroeconomic monetary policy contexts.

Faculty in this Research Area

  • Mike West

    Arts and Sciences Professor of Statistics and Decision Sciences