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Fairness, risk preferences and independence: Impossibility theorems

โœ Scribed by Drew Fudenberg; David K. Levine


Book ID
116635986
Publisher
Elsevier Science
Year
2012
Tongue
English
Weight
283 KB
Volume
81
Category
Article
ISSN
0167-2681

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The effect of assuming independence in the use of Bayes' Theorem for classification and estimation of risk is examined. Analytic results are provided for two specific multivariate normal models and for a model involving binary variables. Monte Carlo results are presented for the former. In these spe