A loss function is a real lower-bounded function L on Θ × A for some θ ∈ Θ. The value L(θ, δ(X)) is the cost of action δ(X) under parameter θ.
Read more about Loss Function: Decision Rules, Expected Loss, Selecting A Loss Function, Loss Functions in Bayesian Statistics, Regret, Quadratic Loss Function, 0-1 Loss Function
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“Yet whatever gains I had, these I have come to regard as loss because of Christ. More than that, I regard everything as loss because of the surpassing value of knowing Christ Jesus my Lord. For his sake I have suffered the loss of all things, and I regard them as rubbish, in order that I may gain Christ and be found in him, not having a righteousness of my own that comes from the law, but one that comes through faith in Christ, the righteousness from God based on faith.”
—Bible: New Testament, Philippians 3:7-9.
“The mother’s and father’s attitudes toward the child correspond to the child’s own needs.... Mother has the function of making him secure in life, father has the function of teaching him, guiding him to cope with those problems with which the particular society the child has been born into confronts him.”
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