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Current Trends in Bayesian Methodology with Applications
book

Current Trends in Bayesian Methodology with Applications

by Satyanshu K. Upadhyay, Umesh Singh, Dipak K. Dey, Appaia Loganathan
May 2015
Intermediate to advanced content levelIntermediate to advanced
680 pages
22h 33m
English
Chapman and Hall/CRC
Content preview from Current Trends in Bayesian Methodology with Applications
From Risk Analysis to Adversarial Risk Analysis 321
investment of 75,000 USD. We display in the middle and right columns in
Table 15.5 similar results to those obtained when the evasion proportion was
3%. As we can observe, when facing higher evasio n proportions, the operator
needs to make higher investments in order to attain better expected utili-
ties. When the evasion proportion becomes 12%, hiring an inspector would
become crucial, as they have legal authority to impose fines, which represent
the largest part of the operator’s income. However, we found also that these
results were quite sensitive to variations on the proportion of tickets inspected ...
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Publisher Resources

ISBN: 9781482235128