In Bayesian decision theory, the performance of an action is measured by its posterior expected loss. In some cases it may be convenient/necessary to use a non-optimal decision instead of the optimal one. In these cases it is important to quantify the additional loss we incur and evaluate whether to use the non-optimal decision or not. In this article we study the predictive probability distribution of a relative measure of the additional loss and its use to define sample size determination criteria in one-sided testing.
A predictive measure of the additional loss of a non-optimal action under multiple priors / DE SANTIS, Fulvio; Gubbiotti, Stefania. - ELETTRONICO. - (2018), pp. 1-6. ((Intervento presentato al convegno SIS2018: 49th Scientific Meeting of the Italian Statistical Society tenutosi a Palermo; Italia.
A predictive measure of the additional loss of a non-optimal action under multiple priors
fulvio de santis;stefania gubbiotti
2018
Abstract
In Bayesian decision theory, the performance of an action is measured by its posterior expected loss. In some cases it may be convenient/necessary to use a non-optimal decision instead of the optimal one. In these cases it is important to quantify the additional loss we incur and evaluate whether to use the non-optimal decision or not. In this article we study the predictive probability distribution of a relative measure of the additional loss and its use to define sample size determination criteria in one-sided testing.File | Dimensione | Formato | |
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