On the Problem of Selecting Good Populations.
Abstract
The problem of selecting good populations out of k normal populations is considered in a Bayesian framework under exchangeable normal priors and additive loss functions. Some basic approximations to the Bayes rules are discussed. These approximations suggest that some well-known classical rules are 'approximate' Bayes rules. Especially, it is shown that Gupta-type rules are extended Bayes with respect to a family of the exchangeable normal priors for any bounded and additive loss function. Furthermore, for a simple loss function, the results of a Monte Carlo comparison of Gupta-type rules and Seal-type rules are presented. They indicate that, in general, Gupta-type rules perform better than Seal-type rules. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Aug 01, 1980
- Accession Number
- ADA100947
Entities
People
- Woo-chul Kim
Organizations
- Purdue University