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information theory with expected utility theory. The authors show how the parameters of Bayes’ theorem can be combined with a …
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Economies of scale in data aggregation is a widely accepted concept. It refers to improved prediction accuracy when the number of observations on variables in a dataset increases. By contrast, economies of scope in data is more ambiguous. The classic economic interpretation refers to cost...
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Information Theory with Expected Utility Theory. The book shows how the parameters of Bayes’ theorem can be combined with a value …
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contributions to various areas of the main discipline: the theory of human capital; the economics of insurance; principal …-agent theory; asymmetric information; econometrics; the theory of incomplete markets; and the foundations of welfare economics …; elections have sometimes turned on issues of health policy. Showing the versatility of economic theory, health economics and …
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