Seminar series
Date
Fri, 21 Oct 2016
Time
13:00 -
14:00
Location
L6
Speaker
Sam Cohen
Organisation
Mathematical Institute
In practice, stochastic decision problems are often based on statistical estimates of probabilities. We all know that statistical error may be significant, but it is often not so clear how to incorporate it into our decision making. In this informal talk, we will look at one approach to this problem, based on the theory of nonlinear expectations. We will consider the large-sample theory of these estimators, and also connections to `robust statistics' in the sense of Huber.