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Starting from a neglected work by Rappeport (1968), we re-propose an exact algorithm to compute the distribution of the maximum of a multinomial random vector under the hypothesis of equiprobability. We then show how to compute the exact probabilities of the sum of the J largest order statistics...
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Colb surfaces the "statistical versus concrete harms" disparity in judicial (and more broadly, human) reactions to probability-based behavior. In particular, it identifies the disparity in case law that either explicitly relies on the distinction as a normatively proper ground for legal...
Persistent link: https://www.econbiz.de/10014157526
We propose a nonparametric Bayesian approach for conducting inference on probabilistic surveys. We use this approach to study whether U.S. Survey of Professional Forecasters density projections for output growth and inflation are consistent with the noisy rational expectations hypothesis. We...
Persistent link: https://www.econbiz.de/10014080529
Test statistics that are suitable for testing composite hypotheses are typically non-pivotal, and conservative bounds are commonly used to test composite hypotheses. In this paper, we propose a testing procedure for composite hypotheses that incorporates additional sample information. This...
Persistent link: https://www.econbiz.de/10014085972
Institute for Scientific Information (ISI) have recently released Journal Citation Report (JCR) for 2013. Keeping in view our tradition (Qadeer and Ahmad, 2012, 2013) of updating the academia and practitioner on their information about the impact factors of the ISI journals in the subject...
Persistent link: https://www.econbiz.de/10014141614
We give complete algorithms and source code for constructing statistical risk models, including methods for fixing the number of risk factors. One such method is based on eRank (effective rank) and yields results similar to (and further validates) the method set forth in an earlier paper by one...
Persistent link: https://www.econbiz.de/10012970025
Historical, as well as practically all current, assessments of J M Keynes's A Treatise on Probability suffer immensely due to the failure of the readers of that book to cover Part II of the Treatise. As acknowledged by Emile Borel in his 1924 review of the A Treatise on Probability, this part of...
Persistent link: https://www.econbiz.de/10012949978
Edgeworth's two reviews of the A Treatise on Probability, in Mind and The Journal of the Royal Statistical Society, demonstrated an understanding of many of the topics of Keynes' approach that was not achieved by any other reviewer, including the reviews made by B. Russell and C. D....
Persistent link: https://www.econbiz.de/10012989950