Berger's actually written a seminal book on the topic called "Statistical Decision Theory and Bayesian Analysis"[1]. If you're interested in that area, consider

Berger's actually written a seminal book on the topic called "Statistical Decision Theory and Bayesian Analysis"[1]. If you're interested in that area, consider checking it out of your library. I'm not quite as sharp in the area as I used to be, but feel free to hit me up over email if you have more questions, I can't guarantee that I'll know the answers, but I'm happy to give it a shot. [1] http://www.amazon.com/Statistical-Decision-Bayesian-Analysis-Statistics/dp/0387960988 http://www.amazon.com/Statistical-Decision-Bayesian-Analysis...