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research article

Simple Methods for Evaluating and Comparing Binary Experiments

Weber, Thomas A.  
2010
Theory and Decision

We consider a confidence parametrization of binary information sources in terms of appropriate likelihood ratios. This parametrization is used for Bayesian belief updates and for the equivalent comparison of binary experiments. In contrast to the standard parametrization of a binary information source in terms of its specificity and its sensitivity, one of the two confidence parameters is sufficient for a Bayesian belief update conditional on a signal realization. We introduce a confidence-augmented receiver operating characteristic for comparisons of binary experiments for a class of "balanced" decision problems, relative to which the confidence order offers a higher resolution than Blackwell's informativeness order.

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Type
research article
DOI
10.1007/s11238-009-9136-4
Author(s)
Weber, Thomas A.  
Date Issued

2010

Published in
Theory and Decision
Volume

69

Issue

2

Start page

257

End page

288

Editorial or Peer reviewed

REVIEWED

Written at

OTHER

EPFL units
OES  
Available on Infoscience
July 12, 2013
Use this identifier to reference this record
https://infoscience.epfl.ch/handle/20.500.14299/93301
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