Accession Number:

ADA196230

Title:

A Note on Deriving a Result in Decision Theory

Descriptive Note:

Final rept.

Corporate Author:

NAVAL RESEARCH LAB WASHINGTON DC

Personal Author(s):

Report Date:

1988-06-09

Pagination or Media Count:

5.0

Abstract:

This note provides an alternate derivation of a well-known problem in decision theory, which deals with finding the minimum of a certain expectation, i.e., E X-c. Textbooks generally present this problem as an exercise to verify that the median does, in fact, yield a minimum. The derivation presented here directly finds the minimum, and yields asymptotic properties of the expectation. Keywords random variables mathematical statistics value.

Subject Categories:

  • Statistics and Probability

Distribution Statement:

APPROVED FOR PUBLIC RELEASE