It’s estimated that human adults make about 35,000 decisions a day — the percentage of good decisions depends on the adult. These choices can be as banal as deciding to roll or crumple toilet paper or ...
First, we need to estimate the pre-test probability that asymptomatic Massachusetts residents have Covid-19. We know that in the state approximately 2% of all tests for SARS-CoV-2, the virus that ...
Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...
Recently Fox has suggested and evaluated several non-Bayesian rules for the problem of the two-armed bandit. In this paper several Bayesian rules for this problem are compared with the best of Fox's ...
Asymptotically optimal empirical Bayes squared error loss estimation procedures are developed for three families of continuous distributions, uniform $(0, \theta ...
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