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From Marx to Mises: Post Capitalist Society and the Challenge of Economic Calculation. Open Court. ISBN 978-0875484495. White, Lawrence H. (2012). The Clash of Economic Ideas. New York, NY: Cambridge University Press. pp. 32– 67. ISBN 978-1107621336. von Mises, Ludwig (1951). "Socialism: An Economic and Sociological Analysis".
The Mises Institute, short name for Ludwig von Mises Institute for Austrian Economics (LvMI), is a right-libertarian academic organization based in Auburn, Alabama and engaged in research and scholarship in the fields of economics, philosophy and political economy. Its scholarship is inspired by the work of Austrian School economist Ludwig von ...
The German Mises Institute (Ludwig von Mises Institut Deutschland e.V.) is a 2012 founded interest group and think tank of libertarian gold traders and investment advisors, which were associated with Swiss-based German billionaire August von Finck (1930–2021).
In educational measurement, bias is defined as "Systematic errors in test content, test administration, and/or scoring procedures that can cause some test takers to get either lower or higher scores than their true ability would merit." [16] The source of the bias is irrelevant to the trait the test is intended to measure.
An estimator or decision rule with zero bias is called unbiased. In statistics, "bias" is an objective property of an estimator. Bias is a distinct concept from consistency: consistent estimators converge in probability to the true value of the parameter, but may be biased or unbiased (see bias versus consistency for more).
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Mises and Hayek argued that economic calculation is only possible by information provided through market prices and that centralist methods of allocation lack methods to rationally allocate resources. Mises's analysis centered on price theory while Hayek went with a more feathered analysis of information and entrepreneurship.
A memory bias, recency bias gives "greater importance to the most recent event", [119] such as the final lawyer's closing argument a jury hears before being dismissed to deliberate. Systematic bias Judgement that arises when targets of differentiating judgement become subject to effects of regression that are not equivalent.