Efficiency of Simple Order Statistic Estimates When Losses are Piecewise Linear
分段线性损失下简单次序统计量估计的效率
When losses are piecewise linear, optimal decision-making hinges on estimating a specified fractile of a probability distribution. In this article we investigate, through examples, the operating characteristics of an estimation procedure which utilizes simple linear combinations of one or two values in the order statistic generated by an observation vector. Such estimates appear to be remarkably efficient compared to the estimates generated by simple parametric procedures;…