Switching Cost Models as Hypothesis Tests

• Tác giả: Samuel N Cohen, Timo Henckel, Gordon D Menzies, Johannes Muhle-Karbe, Daniel J Zizzo
• Ngôn ngữ: eng
• Ký hiệu phân loại: 003.56 Decision theory
• Thông tin xuất bản: 2018
• Bộ sưu tập: Báo, Tạp chí
• ID: 162173

Tóm tắt

We relate models based on costs of switching beliefs (e.g. due to inattention) to hypothesis tests. Specifically, for an inference problem with a penalty for mistakes and for switching the inferred value, a band of inaction is optimal. We show this band is equivalent to a confidence interval, and therefore to a two-sided hypothesis test.