Bendor, Jonathan; Kumar, Sunil - In: Journal of Theoretical Politics 17 (2005) 1, pp. 5-39
Organizations such as the Food and Drug Agency can make both type I (approving bad drugs) and type II errors (rejecting good ones). Optimal reliability entails balancing these two kinds of mistakes just so. This paper addresses the question of whether and when an imperfectly rational agency - in...