Titlebook: On Science, Inference, Information and Decision-Making; Selected Essays in t Klemens Szaniawski,Adam Chmielewski,Jan Woleński Book 1998 Spr

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On Science, Inference, Information and Decision-MakingSelected Essays in t

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978-94-010-6213-8Springer Science+Business Media Dordrecht 1998

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Interpretations of the Maximum Likelihood Principle Fisher [2] for the use of mathematical statistics, and more particularly for its part concerned with point estimation, i.e. with determining the numerical value of parameter, for example, a mean. But the idea expressed by the maximum likelihood principle has a more general character. It may be formulated as follows.

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The Concept of Distribution of Goodsreted here widely as possible. It is assumed that we know how the objects subject to distribution are appraised by different persons. It is also assumed that they are desired (in the sense defined below), and hence may be called goods.