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A statistical treatment of the problem of division

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  • C. Andy Tsao
  • Yu-Ling Tseng

Abstract

The problem of division is one of the most important problems in the emergence of probability. It has been long considered “solved” from a probabilistic viewpoint. However, we do not find the solution satisfactory. In this study, the problem is recasted as a statistical problem. The outcomes of matches of the game are considered as an infinitely exchangeable random sequence and predictors/estimators are constructed in light of de Finetti representation theorem. Bounds of the estimators are derived over wide classes of priors (mixing distributions). We find that, although conservative, the classical solutions are justifiable by our analysis while the plug-in estimates are too optimistic for the winning player. Copyright Springer-Verlag 2004

Suggested Citation

  • C. Andy Tsao & Yu-Ling Tseng, 2004. "A statistical treatment of the problem of division," Metrika: International Journal for Theoretical and Applied Statistics, Springer, vol. 59(3), pages 289-303, June.
  • Handle: RePEc:spr:metrik:v:59:y:2004:i:3:p:289-303
    DOI: 10.1007/s001840300285
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    Cited by:

    1. C. Tsao & Yu-Ling Tseng, 2006. "Confidence estimation for tolerance intervals," Annals of the Institute of Statistical Mathematics, Springer;The Institute of Statistical Mathematics, vol. 58(3), pages 441-456, September.

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