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What (who) is admissible procedure - definition
IN BAYESIAN STATISTICS, A DECISION RULE SUCH THAT THERE IS NO OTHER RULE THAT IS ALWAYS BETTER THAN IT
Admissible decision rules; Statistical admissibility; Admissible procedure; Admissibile statistic; Admissibility (statistics); Statistically admissible
Admissible decision rule
In statistical decision theory, an admissible decision rule is a rule for making a decision such that there is no other rule that is always "better" than itDodge, Y. (2003) The Oxford Dictionary of Statistical Terms.
Admissible trading strategy
Admissible strategy; Admissible portfolio
In finance, an admissible trading strategy or admissible strategy is any trading strategy with wealth almost surely bounded from below. In particular, an admissible trading strategy precludes unhedged short sales of any unbounded assets.
Admissible heuristic
HEURISTIC THAT NEVER OVERESTIMATES THE COST OF REACHING THE GOAL, I.E. THE COST IT ESTIMATES TO REACH THE GOAL IS NOT HIGHER THAN THE LOWEST POSSIBLE COST FROM THE CURRENT POINT IN THE PATH
Admissible Heuristic; Optimistic heuristic; Inadmissible heuristic
In computer science, specifically in algorithms related to pathfinding, a heuristic function is said to be admissible if it never overestimates the cost of reaching the goal, i.e.
Wikipedia
Admissible decision rule
In statistical decision theory, an admissible decision rule is a rule for making a decision such that there is no other rule that is always "better" than it (or at least sometimes better and never worse), in the precise sense of "better" defined below. This concept is analogous to Pareto efficiency.
