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Dominating Decision Rule
In decision theory, a decision rule is said to dominate another if the performance of the former is sometimes better, and never worse, than that of the latter. Formally, let \delta_1 and \delta_2 be two decision rules, and let R(\theta, \delta) be the risk of rule \delta for parameter \theta. The decision rule \delta_1 is said to dominate the rule \delta_2 if R(\theta,\delta_1)\le R(\theta,\delta_2) for all \theta, and the inequality is strict for some \theta.. This defines a partial order In mathematics, especially order theory, a partially ordered set (also poset) formalizes and generalizes the intuitive concept of an ordering, sequencing, or arrangement of the elements of a set. A poset consists of a set together with a bina ... on decision rules; the maximal elements with respect to this order are called '' admissible decision rules.'' References {{statistics-stub Decision theory ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Instagram
Instagram is a photo and video sharing social networking service owned by American company Meta Platforms. The app allows users to upload media that can be edited with filters and organized by hashtags and geographical tagging. Posts can be shared publicly or with preapproved followers. Users can browse other users' content by tag and location, view trending content, like photos, and follow other users to add their content to a personal feed. Instagram was originally distinguished by allowing content to be framed only in a square (1:1) aspect ratio of 640 pixels to match the display width of the iPhone at the time. In 2015, this restriction was eased with an increase to 1080 pixels. It also added messaging features, the ability to include multiple images or videos in a single post, and a Stories feature—similar to its main competitor Snapchat—which allowed users to post their content to a sequential feed, with each post accessible to others for 24 hours. As of Ja ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Decision Theory
Decision theory (or the theory of choice; not to be confused with choice theory) is a branch of applied probability theory concerned with the theory of making decisions based on assigning probabilities to various factors and assigning numerical consequences to the outcome. There are three branches of decision theory: # Normative decision theory: Concerned with the identification of optimal decisions, where optimality is often determined by considering an ideal decision-maker who is able to calculate with perfect accuracy and is in some sense fully rational. # Prescriptive decision theory: Concerned with describing observed behaviors through the use of conceptual models, under the assumption that those making the decisions are behaving under some consistent rules. # Descriptive decision theory: Analyzes how individuals actually make the decisions that they do. Decision theory is closely related to the field of game theory and is an interdisciplinary topic, studied by economi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Risk Function
In mathematical optimization and decision theory, a loss function or cost function (sometimes also called an error function) is a function that maps an event or values of one or more variables onto a real number intuitively representing some "cost" associated with the event. An optimization problem seeks to minimize a loss function. An objective function is either a loss function or its opposite (in specific domains, variously called a reward function, a profit function, a utility function, a fitness function, etc.), in which case it is to be maximized. The loss function could include terms from several levels of the hierarchy. In statistics, typically a loss function is used for parameter estimation, and the event in question is some function of the difference between estimated and true values for an instance of data. The concept, as old as Laplace, was reintroduced in statistics by Abraham Wald in the middle of the 20th century. In the context of economics, for example, this ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Partial Order
In mathematics, especially order theory, a partially ordered set (also poset) formalizes and generalizes the intuitive concept of an ordering, sequencing, or arrangement of the elements of a set. A poset consists of a set together with a binary relation indicating that, for certain pairs of elements in the set, one of the elements precedes the other in the ordering. The relation itself is called a "partial order." The word ''partial'' in the names "partial order" and "partially ordered set" is used as an indication that not every pair of elements needs to be comparable. That is, there may be pairs of elements for which neither element precedes the other in the poset. Partial orders thus generalize total orders, in which every pair is comparable. Informal definition A partial order defines a notion of comparison. Two elements ''x'' and ''y'' may stand in any of four mutually exclusive relationships to each other: either ''x'' ''y'', or ''x'' and ''y'' are ''inco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maximal Element
In mathematics, especially in order theory, a maximal element of a subset ''S'' of some preordered set is an element of ''S'' that is not smaller than any other element in ''S''. A minimal element of a subset ''S'' of some preordered set is defined dually as an element of ''S'' that is not greater than any other element in ''S''. The notions of maximal and minimal elements are weaker than those of greatest element and least element which are also known, respectively, as maximum and minimum. The maximum of a subset S of a preordered set is an element of S which is greater than or equal to any other element of S, and the minimum of S is again defined dually. In the particular case of a partially ordered set, while there can be at most one maximum and at most one minimum there may be multiple maximal or minimal elements. Specializing further to totally ordered sets, the notions of maximal element and maximum coincide, and the notions of minimal element and minimum coincide. As an e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Admissible Decision Rule
In statistical decision theory, an admissible decision rule is a rule for making a decision such that there is no other rule that is always "better" than it (or at least sometimes better and never worse), in the precise sense of "better" defined below. This concept is analogous to Pareto efficiency. Definition Define sets \Theta\,, \mathcal and \mathcal, where \Theta\, are the states of nature, \mathcal the possible observations, and \mathcal the actions that may be taken. An observation x \in \mathcal\,\! is distributed as F(x\mid\theta)\,\! and therefore provides evidence about the state of nature \theta\in\Theta\,\!. A decision rule is a function \delta:\rightarrow , where upon observing x\in \mathcal, we choose to take action \delta(x)\in \mathcal\,\!. Also define a loss function L: \Theta \times \mathcal \rightarrow \mathbb, which specifies the loss we would incur by taking action a \in \mathcal when the true state of nature is \theta \in \Theta. Usually we will take thi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
