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Now, we plot the vs PFN curve (where PFN is probability of false negative, PFN = 1 PCD) of the optimal decision rules to visualize
Now, we plot the vs PFN curve (where PFN is probability of false negative, PFN = 1 PCD) of the optimal decision rules to visualize the tradeoff. In the original setting, we want to maximize PCD which is equivalent to minimizing PFN
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International Economics
Authors: Robert C. Feenstra, Alan M. Taylor
3rd edition
978-1429278515, 142927851X, 978-1319029517, 1319029515, 978-1429278447
