STAT0011 Decision and Risk

Level	Credits	Term	Type
5	15	2	Departmental

Module description

This module aims to provide an introduction to the ideas underlying the calculation of risk from a Bayesian and frequentist standpoint, and the structure of rational, consistent decision making.

Further details are available in the STAT0011 UCL Module Catalogue entry.

Standard prerequisites

ECON0019, MATH0057, SESS0023 or STAT0003

Registration process

STAT0011 is specified as a formal option within the BSc Global Humanitarian Studies programme and for third year undergraduates from the Department of Mathematics. Any such student who has taken one of the standard prerequisites should simply register for STAT0011 on Portico and await a decision. Students who do not satisfy the standard prerequisites must additionally consult a member of staff in the Department of Statistical Science.

STAT0011 is also offered as an elective. Prospective elective students who have taken one of the standard prerequisites should simply register for STAT0011 on Portico and await a decision. Prospective elective students who do not satisfy the standard prerequisiters must additionally consult a member of staff in the Department of Statistical Science.

Consultation request form

Other considerations

Besides the required module in introductory probability and statistics, it is desirable that students have some familiarity with the R statistical software package.

This webpage part of a guide to modules offered by the Department of Statistical Science that are available to students registered in other UCL departments and should be read in conjunction with the general information on the front page of the guide.