Statistical Decision Theory
||Longford, Nicholas Tibor|
|Series title:||SpringerBriefs in Statistics Ser.|
|Publication Date:||Oct 2013|
| Book Format:||Paperback|
|List Price:||USD $54.99|
| Book Description: |
This monograph presents a radical rethinking of how elementary inferences should be made in statistics, implementing a comprehensive alternative to hypothesis testing in which the control of the probabilities of the errors is replaced by selecting the course of action (one of the available options) associated with the smallest expected loss.
Its strength is that the inferences are responsive to the elicited or declared consequences of the erroneous decisions, and so they can...