Remarks at the Center for the New Economy 2010 Economic Conference, San Juan, Puerto Rico.

For a number of statistical applications subjective estimates of some distributional parameters - or even complete densities are needed. The literature agrees that it is wise behaviour to ask only for some quantiles of the distribution; from these, the desired quantities are extracted. Quite a...

To estimate the mean sojourn time, a sample of Tilburg fair visitors was asked for the duration of their stay on the fair grounds. The longer a visitor's sojourn, the larger his/her probability of being interviewed will be; therefore, longer sojourn times will be overrepresented in the sample. As...

This paper reviews the state of the art in five related types of analysis, namely (i) sensitivity or what-if analysis, (ii) uncertainty or risk analysis, (iii) screening, (iv) validation, and (v) optimization. The main question is: when should which type of analysis be applied; which statistical...