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- W1978809682 abstract "Similarly to the determination of a prior in Bayesian Decision theory, an arbitrarily precise determination of the loss function is unrealistic. Thus, analogously to global robustness with respect to the prior, one can consider a set of loss functions to describe the imprecise preferences of the decision maker. In this paper, we investigate the asymptotic behavior of the Bayes actions set derived from a class of loss functions. When the collection of additional observations induces a decrease in the range of the Bayes actions, robustness is improved. We give sufficient conditions for the convergence of the Bayes actions set with respect to the Hausdorff metric and we also give the limit set. Finally, we show that these conditions are satisfied when the set of decisions and the set of states of nature are subsets of Rp." @default.
- W1978809682 created "2016-06-24" @default.
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- W1978809682 date "2001-11-01" @default.
- W1978809682 modified "2023-10-16" @default.
- W1978809682 title "Asymptotic Limit of the Bayes Actions Set Derived from a Class of Loss Functions" @default.
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- W1978809682 doi "https://doi.org/10.1006/jmva.2000.1970" @default.
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