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dc.contributor.authorSpanos, Aen_US
dc.date.accessioned2017-03-13T15:09:53Z
dc.date.available2017-03-13T15:09:53Z
dc.identifier.urihttp://hdl.handle.net/10919/76620
dc.description.abstractThe primary objective of this paper is to revisit and make a case for the merits of R.A. Fisher's objections to the decision-theoretic framing of frequentist inference. It is argued that this framing is congruent with the Bayesian but incongruent with the frequentist inference. It provides the Bayesian approach with a theory of optimal inference, but it misrepresents the theory of optimal frequentist inference by framing inferences solely in terms of the universal quantifier `for all values of theta in the parameter space'. This framing is at odds with the primary objective of model-based frequentist inference, which is to learn from data about the true value of theta (unknown parameter(s)); the one that gave rise to the particular data. The frequentist approach relies on factual (estimation, prediction), as well as hypothetical (testing) reasoning whose primary aim is to learn from data about the true theta. The paper calls into question the appropriateness of admissibility and reassesses Stein's paradox as it relates to the capacity of frequentist estimators to pinpoint the true theta. The paper also compares and contrasts loss-based errors with traditional frequentist errors, such as coverage, type I and II; the former are attached to {\theta}, but the latter to the inference procedure itself.en_US
dc.relation.urihttp://arxiv.org/abs/1211.0638v3en_US
dc.subjectstat.MEen_US
dc.subjectstat.MEen_US
dc.subjectmath.STen_US
dc.subjectstat.THen_US
dc.titleWhy the Decision Theoretic Perspective Misrepresents Frequentist Inference: 'Nuts and Bolts' vs. Learning from Dataen_US
dc.typeArticle - Refereed
pubs.organisational-group/Virginia Tech
pubs.organisational-group/Virginia Tech/All T&R Faculty
pubs.organisational-group/Virginia Tech/Science
pubs.organisational-group/Virginia Tech/Science/COS T&R Faculty
pubs.organisational-group/Virginia Tech/Science/Economics


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