Comment on the following statement: We cannot speak of sensitivity except in connection with a particular decision-making
Question:
Comment on the following statement: “We cannot speak of sensitivity except in connection with a particular decision-making situation.” Can you think of an example in which the decision-making procedure would be quite in¬
sensitive to changes in the prior distribution? An example in which it would be quite sensitive?
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Related Book For 
Statistics Probability Inference And Decision
ISBN: 9780030778056
1st Edition
Authors: Robert L. Winkler, William L. Hays
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