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Dec 21, 2015 at 14:04 comment added Frank Harrell Exactly right that you need external knowledge to get the optimum decision. But the loss function is not stated in terms of the quantities above, and the optimum decision comes from the predicted probability of the outcome for the individual subject, coupled with the loss function.
Jun 4, 2012 at 17:21 history answered cbeleites CC BY-SA 3.0