An optimal decision is a decision that leads to at least as good a known or expected outcome as all other available decision options.

Optimal Decision Rule. The likelihood ratios described in the preceding section can be used to determine optimal decision rules for the independent-observations ...

Decision-making is a critical process of selecting the optimal decision among a set of alternatives based on the decision-maker's experience and preferences.

The optimal rule under this case is a weighted qualified majority rule. If decision-makers are equally skilled, then this rule is a standard qualified majority ...

The optimal decision rule gives the minimum error rate possible if we are not allowed to observe the pattern. Can we make a better decision if more information ...

27 апр. 2023 г. · The best decision rule minimises a combination of false positives and false negatives, and any two rules can be easily compared according to ...

This paper studies optimal decision rules, including estimators and tests, for weakly identified GMM models. We derive the limit experiment for weakly ...

27 мар. 2018 г. · Optimal Decision Rule: For each X choose the prediction ˆYopt(X) that minimizes the conditional expected loss: ˆYopt(X)=argmina∫L(a,Y)p(Y|X)dY.

OPTIMAL TWO-STAGE PROCEDURES. 4.1 Formulation Of Problem. 114. 4.2 The Optimal Second Stage Decision Rule. 119. 4.3 The Optimal Two-Stage Decision Rule. 132 ...

This paper presents a general pairwise choice framework and derives the optimal decision rule for fixed-size committees. The main result generalizes a.