About this episode
• Support & get perks!• Proudly sponsored by PyMC Labs! Get in touch at alex.andorra@pymc-labs.com• Intro to Bayes and Advanced Regression courses (first 2 lessons free)Our theme music is « Good Bayesian », by Baba Brinkman (feat MC Lars and Mega Ran). Check out his awesome work !Chapters:00:00 The Importance of Decision-Making in Data Science06:41 From Philosophy to Bayesian Statistics14:57 The Role of Soft Skills in Data Science18:19 Understanding Decision Theory Workflows22:43 Shifting Focus from Accuracy to Business Value26:23 Leveraging PyTensor for Optimization34:27 Applying Optimal Decision-Making in Industry40:06 Understanding Utility Functions in Regulation41:35 Introduction to Obeisance Decision Theory Workflow42:33 Exploring Price Elasticity and Demand45:54 Optimizing Profit through Bayesian Models51:12 Risk Aversion and Utility Functions57:18 Advanced Risk Management Techniques01:01:08 Practical Applications of Bayesian Decision-Making01:06:54 Future Directions in Bayesian Inference01:10:16 The Quest for Better Inference Algorithms01:15:01 Dinner with a Polymath: Herbert SimonThank you to my Patrons for making this episode possible!Links from the show:Come meet Alex at the Field of Play Conference in Manchester, UK, March 27, 2026! https://www.fieldofplay.co.uk/A Bayesian decision theory workflowDaniel's website, LinkedIn and GitHubLBS #124
