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Economics: EconBiz supports research in and teaching of economics with a central entry point for all kinds of subject-specific information and direct access to full texts. Free Produced by the ZBW- German National Library of Economics– Leibniz Information Centre for Economics (ZBW) [51] EconLit: Economics
The Pennsylvania State University (Penn State or PSU) is a public state-related land-grant research university with campuses and facilities throughout Pennsylvania, United States. Founded in 1855 as Farmers' High School of Pennsylvania , [ 13 ] Penn State was named the state's first land-grant university eight years later, in 1863.
A major contribution von Neumann made to measure theory was the result of a paper written to answer a question of Haar regarding whether there existed an algebra of all bounded functions on the real number line such that they form "a complete system of representatives of the classes of almost everywhere-equal measurable bounded functions". [117]
The quadratic scoring rule is a strictly proper scoring rule (,) = = =where is the probability assigned to the correct answer and is the number of classes.. The Brier score, originally proposed by Glenn W. Brier in 1950, [4] can be obtained by an affine transform from the quadratic scoring rule.
In welfare economics, the theory of the second best concerns the situation when one or more optimality conditions cannot be satisfied. [1] The economists Richard Lipsey and Kelvin Lancaster showed in 1956 that if one optimality condition in an economic model cannot be satisfied, it is possible that the next-best solution involves changing other variables away from the values that would ...
The Journal of Quantitative Economics published a special issue in Rao's honour in 1991: "Dr. Rao is a very distinguished scientist and a highly eminent statistician of our time. His contributions to statistical theory and applications are well known, and many of his results, which bear his name, are included in the curriculum of courses in ...
Sketch of the Cynefin framework, by Edwin Stoop. The Cynefin framework (/ k ə ˈ n ɛ v ɪ n / kuh-NEV-in) [1] is a conceptual framework used to aid decision-making. [2] Created in 1999 by Dave Snowden when he worked for IBM Global Services, it has been described as a "sense-making device".