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Optimal Sequentially Planned Decision Procedures (Paperback, New) Loot Price: R2,854
Discovery Miles 28 540
Optimal Sequentially Planned Decision Procedures (Paperback, New): Norbert Schmitz

Optimal Sequentially Planned Decision Procedures (Paperback, New)

Norbert Schmitz; Assisted by G. Duscha, J. Lubbert, T. Meyerthole

Series: Lecture Notes in Statistics, 79

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Loot Price R2,854 Discovery Miles 28 540 | Repayment Terms: R267 pm x 12*

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Learning from experience, making decisions on the basis of the available information, and proceeding step by step to a desired goal are fundamental behavioural qualities of human beings. Nevertheless, it was not until the early 1940's that such a statistical theory - namely Sequential Analysis - was created, which allows us to investigate this kind of behaviour in a precise manner. A. Wald's famous sequential probability ratio test (SPRT; see example (1.8 turned out to have an enormous influence on the development of this theory. On the one hand, Wald's fundamental monograph "Sequential Analysis" ( Wa]*) is essentially centered around this test. On the other hand, important properties of the SPRT - e.g. Bayes optimality, minimax-properties, "uniform" optimality with respect to expected sample sizes - gave rise to the development of a general statistical decision theory. As a conse quence, the SPRT's played a dominating role in the further development of sequential analysis and, more generally, in theoretical statistics."

General

Imprint: Springer-Verlag New York
Country of origin: United States
Series: Lecture Notes in Statistics, 79
Release date: August 1993
First published: 1993
Authors: Norbert Schmitz
Assisted by: G. Duscha • J. Lubbert • T. Meyerthole
Dimensions: 235 x 155 x 12mm (L x W x T)
Format: Paperback
Pages: 207
Edition: New
ISBN-13: 978-0-387-97908-3
Categories: Books > Reference & Interdisciplinary > Communication studies > Decision theory > General
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LSN: 0-387-97908-5
Barcode: 9780387979083

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