{"product_id":"optimal-sequentially-planned-decision-procedures-von-norbert-schmitz","title":"Optimal Sequentially Planned Decision Procedures","description":"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.\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9780387979083\"\u003e\u003ch3\u003e\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9780387979083","offer_id":39415083794525,"sku":"9780387979083","price":106.99,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/0d6d2a2f-101a-43a8-b06d-73a83f00b69e.jpg?v=1772168763","url":"https:\/\/shop.autorenwelt.de\/en\/products\/optimal-sequentially-planned-decision-procedures-von-norbert-schmitz","provider":"Autorenwelt Shop","version":"1.0","type":"link"}