Sequential Test for the Mean of a Normal Distribution III (Small $t$)
Chernoff, Herman
Ann. Math. Statist., Tome 36 (1965) no. 6, p. 28-54 / Harvested from Project Euclid
Asymptotic expansions are derived for the behavior of the optimal sequential test of whether the unknown drift $\mu$ of a Wiener-Levy process is positive or negative for the case where the process has been observed for a short time. The test is optimal in the sense that it is the Bayes test for the problem where we have an a priori normal distribution of $\mu$, the regret for coming to the wrong conclusion is proportional to $|\mu|$ and the cost of observation is one per unit time. The Bayes procedure is compared with the best sequential likelihood ratio test and with the procedure which calls for stopping when no fixed additional sampling time is better than stopping. The derivations allow for generalizing to variations of this problem with different cost structure.
Publié le : 1965-02-14
Classification: 
@article{1177700269,
     author = {Chernoff, Herman},
     title = {Sequential Test for the Mean of a Normal Distribution III (Small $t$)},
     journal = {Ann. Math. Statist.},
     volume = {36},
     number = {6},
     year = {1965},
     pages = { 28-54},
     language = {en},
     url = {http://dml.mathdoc.fr/item/1177700269}
}
Chernoff, Herman. Sequential Test for the Mean of a Normal Distribution III (Small $t$). Ann. Math. Statist., Tome 36 (1965) no. 6, pp.  28-54. http://gdmltest.u-ga.fr/item/1177700269/