Make up an example of a decision problem in your area of interest which is somewhat similar
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Make up an example of a decision problem in your area of interest which is somewhat similar to the example in Section 7.6. Formulate several decision rules and try to decide among them on the basis of
(a) the minimax-loss criterion
(b) the expected loss criterion
(c) the subjective expected loss criterion.
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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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