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proposed approach to two threshold influence models, evaluate the utility of each promotion action, and provide discussions …
Persistent link: https://www.econbiz.de/10010588844
Casella, Hwang and Robert, Statistica Sinica, 1993, consider a loss function that is a linear combination of the interval length and the indicator function that this interval includes the parameter of interest. They show that this leads to a confidence interval for the normal mean with...
Persistent link: https://www.econbiz.de/10010593904
The problem of simultaneously estimating location parameters is addressed, where the vector of location parameters belongs to a polyhedral cone including simple order, tree order and positive orthant restrictions and so forth. This paper proposes modified estimators based on orthogonal...
Persistent link: https://www.econbiz.de/10010600761
that a simple heuristic, rank-dependent utility and expected utility theory provide the best goodness of fit. …
Persistent link: https://www.econbiz.de/10010665677
Inability to clearly defend against the criticisms of frequentist methods has turned many a frequentist away from venturing into foundational battlegrounds. Conceding the distorted perspectives drawn from overly literal and radical expositions of what Fisher, Neyman, and Pearson ‘really...
Persistent link: https://www.econbiz.de/10010616163
We employ the theory of rational choice to examine whether observable choices from feasible sets of prospects can be generated by the optimization of some underlying decision criterion under uncertainty. Rather than focusing on a specific theory of choice, our objective is to formulate a general...
Persistent link: https://www.econbiz.de/10010616513
Finding efficient ways to manage the threat of invasive species helps make the most of limited resources. Different management actions reduce the impact of invasions differently: preventing invasion eliminates impacts entirely, surveillance can facilitate early detection and eradication, and...
Persistent link: https://www.econbiz.de/10010572640
Hypothesis testing using Bayes factors (BFs) is known not to be well defined under the improper prior. In the context of latent variable models, an additional problem with BFs is that they are difficult to compute. In this paper, a new Bayesian method, based on the decision theory and the EM...
Persistent link: https://www.econbiz.de/10010577521
Persistent link: https://www.econbiz.de/10010707282
There are two very important tools in managing technology: roadmapping and s-curves. Roadmapping can be a very effective tool to evolutionarily advance an existing technology. Conversely the idea of s-curves aids managers in the decision to make a revolutionary change to a new technology. The...
Persistent link: https://www.econbiz.de/10010717544