Search Results - subject:"statistical decision theory"

Comparative Statics, Informativeness, and the Interval Dominance Order

Quah, John K.-H.; Strulovici, Bruno - Economics Group, Nuffield College, University of Oxford - 2007

. We also show that certain basic results in statistical decision theory which are important in economics – specifically …

Persistent link: https://www.econbiz.de/10005730300

Asymptotics for statistical treatment rules

Hirano, Keisuke; Porter, Jack - Volkswirtschaftliche Fakultät, … - 2006

This paper develops asymptotic optimality theory for statistical treatment rules in smooth parametric and semiparametric models. Manski (2000, 2002, 2004) and Dehejia (2005) have argued that the problem of choosing treatments to maximize social welfare is distinct from the point estimation and...

Persistent link: https://www.econbiz.de/10005789508

A point decision for partially identified auction models

Aryal, Gaurab; Kim, Dong-hyuk - In: Journal of business & economic statistics : JBES ; a … 31 (2013) 4, pp. 384-397

Persistent link: https://www.econbiz.de/10010337863

Valuation of a spark spread : an LM6000 power plant

Cassano, Mark A.; Sick, Gordon A. - In: The European journal of finance 19 (2013) 7/8, pp. 689-714

Persistent link: https://www.econbiz.de/10010244740

The signal and the noise : the art and sience of prediction

Silver, Nate - 2012

Persistent link: https://www.econbiz.de/10009654609

Minimax regret treatment choice with covariates or with limited validity of experiments

Stoye, Jörg - In: Journal of Econometrics 166 (2012) 1, pp. 138-156

This paper continues the investigation of minimax regret treatment choice initiated by Manski (2004). Consider a decision maker who must assign treatment to future subjects after observing outcomes experienced in a sample. A certain scoring rule is known to achieve minimax regret in simple...

Persistent link: https://www.econbiz.de/10011052220

Dominance and admissibility without priors

Stoye, Jörg - In: Economics Letters 116 (2012) 1, pp. 118-120

This note axiomatizes the incomplete preference ordering that reflects statewise dominance with respect to expected utility, as well as the according choice correspondence. The main motivation is to clarify how admissibility as understood by statisticians relates to existing axiomatizations. The...

Persistent link: https://www.econbiz.de/10011041776

Statistical treatment choice based on asymmetric minimax regret criteria

Tetenov, Aleksey - In: Journal of Econometrics 166 (2012) 1, pp. 157-165

This paper studies the problem of treatment choice between a status quo treatment with a known outcome distribution and an innovation whose outcomes are observed only in a finite sample. I evaluate statistical decision rules, which are functions that map sample outcomes into the planner’s...

Persistent link: https://www.econbiz.de/10010597562

New Perspectives on Statistical Decisions Under Ambiguity

Stoye, Jörg - In: Annual Review of Economics 4 (2012) 1, pp. 257-282

This review summarizes and connects recent work on the foundations and applications of statistical decision theory … literature are reported in a way that should be directly accessible to statisticians and econometricians. In statistical decision … theory, the models inform a rich theory of estimation and treatment choice, which was recently extended to account for …

Persistent link: https://www.econbiz.de/10010604265

Benchmarking supplier risks using Bayesian networks

Lockamy, Archie - In: Benchmarking: An International Journal 18 (2011) 3, pp. 409-427

Purpose – The purpose of this paper is to provide a methodology for benchmarking supplier risks through the creation of Bayesian networks. The networks are used to determine a supplier's external, operational, and network risk probability to assess its potential impact on the buyer...

Persistent link: https://www.econbiz.de/10014683523