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Quantitative uses of the terms uncertainty and risk are fairly consistent among fields such as probability theory, actuarial science, and information theory. Some also create new terms without substantially changing the definitions of uncertainty or risk. For example, surprisal is a variation on uncertainty sometimes used in information theory ...
The measure precision at k, for example, is a measure of precision looking only at the top ten (k=10) search results. More sophisticated metrics, such as discounted cumulative gain , take into account each individual ranking, and are more commonly used where this is important.
Greater likelihood of recalling recent, nearby, or otherwise immediately available examples, and the imputation of importance to those examples over others. Bizarreness effect: Bizarre material is better remembered than common material. Boundary extension: Remembering the background of an image as being larger or more expansive than the ...
Uncertainty quantification (UQ) is the science of quantitative characterization and estimation of uncertainties in both computational and real world applications. It tries to determine how likely certain outcomes are if some aspects of the system are not exactly known.
False precision (also called overprecision, fake precision, misplaced precision, and spurious precision) occurs when numerical data are presented in a manner that implies better precision than is justified; since precision is a limit to accuracy (in the ISO definition of accuracy), this often leads to overconfidence in the accuracy, named precision bias.
For example, a spectrometer fitted with a diffraction grating may be checked by using it to measure the wavelength of the D-lines of the sodium electromagnetic spectrum which are at 600 nm and 589.6 nm. The measurements may be used to determine the number of lines per millimetre of the diffraction grating, which can then be used to measure the ...
For example, it might be more expensive than option A while having lower quality than option B. In this case, the anchor is the decoy. [82] One decoy effect example is the bundle sales. For example, many restaurants often sell set meals to their consumers, while simultaneously having the meals’ components sold separately.
Uncertainty is traditionally modelled by a probability distribution, as developed by Kolmogorov, [1] Laplace, de Finetti, [2] Ramsey, Cox, Lindley, and many others.However, this has not been unanimously accepted by scientists, statisticians, and probabilists: it has been argued that some modification or broadening of probability theory is required, because one may not always be able to provide ...