Minimax Estimator - Definition

Definition : An estimator is called minimax with respect to a risk function if it achieves the smallest maximum risk among all estimators, meaning it satisfies

Read more about this topic:  Minimax Estimator

Famous quotes containing the word definition:

    It’s a rare parent who can see his or her child clearly and objectively. At a school board meeting I attended . . . the only definition of a gifted child on which everyone in the audience could agree was “mine.”
    Jane Adams (20th century)

    The man who knows governments most completely is he who troubles himself least about a definition which shall give their essence. Enjoying an intimate acquaintance with all their particularities in turn, he would naturally regard an abstract conception in which these were unified as a thing more misleading than enlightening.
    William James (1842–1910)

    ... if, as women, we accept a philosophy of history that asserts that women are by definition assimilated into the male universal, that we can understand our past through a male lens—if we are unaware that women even have a history—we live our lives similarly unanchored, drifting in response to a veering wind of myth and bias.
    Adrienne Rich (b. 1929)