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Results tagged with decision-theory
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user 202889
Decision theory is the science of making optimal decisions in the face of uncertainty. Statistical decision theory is concerned with the making of decisions when in the presence of statistical knowledge (data) which sheds light on some of the uncertainties involved in the decision problem.
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What does it mean when Risk function turns out to be a number?
I have a statistical decision making theory problem.I have to calculate the Risk Function for each of 4 decision rules.However,it turns out that the fourth Risk function is not a function of θ and it …
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