Posted in stopping rule

Quote from Day #1 of the Summer Seminar

The Savage Quote I mentioned today regarding the relevance of the stopping rule. The Stopping Rule Principle (SRP) holds that it’s irrelevant to the import of the data.The quote is on SIST p. 48.

“I learned the stopping rule principle from Professor Barnard, in conversation in the summer of 1952. Frankly, I then thought it a scandal that anyone in the profession could advance an idea so patently wrong, even as today I can scarcely believe that some people resist an idea so patently right”. (Savage 1962, p. 76)

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