This paper develops a broad theme about policy choice under ambiguity through study of a particular decision criterion. The broad theme is that, where feasible, choice between a status quo policy and an innovation is better framed as selection of a treatment allocation than as a binary decision....

The Wald development of statistical decision theory addresses decision making with sample data. Wald's concept of a statistical decision function (SDF) embraces all mappings of the form [data Ç decision]. An SDF need not perform statistical inference; that is, it need not use data to draw...

The original research papers collected in this volume continue the development of discrete choice analysis, of related structural models for analysis of choice behavior, and of the statistical theory used in inference on these models. Most papers in the volume are revised versions of ones...