{"product_id":"9780387979083","title":"Optimal Sequentially Planned Decision Procedures","description":"Learning from experience, making decisions on the basis of the available information, and proceeding step by step to a desired goal are fundamental behavioural qualities of human beings. Nevertheless, it was not until the early 1940's that such a statistical theory - namely Sequential Analysis - was created, which allows us to investigate this kind of behaviour in a precise manner. A. Wald's famous sequential probability ratio test (SPRT; see example (1.8» turned out to have an enormous influence on the development of this theory. On the one hand, Wald's fundamental monograph \"Sequential Analysis\" ([Wa]*) is essentially centered around this test. On the other hand, important properties of the SPRT - e.g. Bayes­ optimality, minimax-properties, \"uniform\" optimality with respect to expected sample sizes - gave rise to the development of a general statistical decision theory. As a conse­ quence, the SPRT's played a dominating role in the further development of sequential analysis and, more generally, in theoretical statistics.","brand":"Springer New York","offers":[{"title":"Default Title","offer_id":47020806308080,"sku":"9780387979083","price":149.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9780387979083_p0.jpg?v=1763696319","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9780387979083","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}