Intuitive bayesian point estimation
Publication
, Journal Article
Winkler, RL
Published in: Organizational Behavior and Human Performance
January 1, 1970
This paper presents the results of an experiment designed to investigate the relationship between intuitive Bayesian point estimates and theoretically optimal Bayesian point estimates for various probability distributions (normal distributions) and loss functions (linear and quadratic loss functions). The results indicate that this relationship depends somewhat on the parameters of the distribution and loss function. Overall, however, the subjects performed the task of intuitive estimation and prediction very well. On the average, the intuitive estimates were quite close to the optimal estimates despite the complexity of the decision-making problem. © 1970.
Duke Scholars
Published In
Organizational Behavior and Human Performance
DOI
ISSN
0030-5073
Publication Date
January 1, 1970
Volume
5
Issue
5
Start / End Page
417 / 429
Citation
APA
Chicago
ICMJE
MLA
NLM
Winkler, R. L. (1970). Intuitive bayesian point estimation. Organizational Behavior and Human Performance, 5(5), 417–429. https://doi.org/10.1016/0030-5073(70)90032-2
Winkler, R. L. “Intuitive bayesian point estimation.” Organizational Behavior and Human Performance 5, no. 5 (January 1, 1970): 417–29. https://doi.org/10.1016/0030-5073(70)90032-2.
Winkler RL. Intuitive bayesian point estimation. Organizational Behavior and Human Performance. 1970 Jan 1;5(5):417–29.
Winkler, R. L. “Intuitive bayesian point estimation.” Organizational Behavior and Human Performance, vol. 5, no. 5, Jan. 1970, pp. 417–29. Scopus, doi:10.1016/0030-5073(70)90032-2.
Winkler RL. Intuitive bayesian point estimation. Organizational Behavior and Human Performance. 1970 Jan 1;5(5):417–429.
Published In
Organizational Behavior and Human Performance
DOI
ISSN
0030-5073
Publication Date
January 1, 1970
Volume
5
Issue
5
Start / End Page
417 / 429