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James D. Stein

Publications and source records attributed to James D. Stein.

3 recordsLinked to original sources

Properties of Subsets of Unobserved Items Constructed by Using Blackwell's Bet

Blackwells Bet (also known as the Cover Guessing Game) is an extremely clever use of a random variable to improve the probability of guessing which of two numbers is larger when you are only allowed to observe one of those numbers. This technique has hitherto been used to guess or predict outcomes with better-than-chance results. We show that this technique can also be used to construct subsets of unobserved items which have expected values below and above the expected value of the parent set. We discuss this in two situations: when the items in question can have arbitrary values, and when the items in question are Bernoulli trials. We also include simulations in an instance when the actual formulas require extensive.iteration of recursively-defined relations.

math.PR

Using the Cover Guessing Game Strategy to Predict the Results of Stochastic Processes

Cover originally proposed a game in which Bob wrote two numbers on pieces of paper and allowed Alice to pick one and look at it. Cover then showed, as Blackwell is thought to have shown previously, that Alice has a strategy involving the selection of a random number which enables her to guess correctly with a probability greater than 0.5 which of the two numbers was larger. Central to Covers reasoning was that Alice could have picked either number to look at with equal probability. In this paper, we investigate the situation in which Bob obtains the two numbers as the result of an experiment based on a probability distribution, such as the spin of a roulette wheel. We then modify this to envision Alice and Bob conducting separate experiments based on probability distributions. Alice conducts one trial of her experiment and uses Covers strategy to guess whether the result from her experiment will be larger or smaller than the result from Bobs experiment whenever he chooses to conduct a single trial of it. The following two results are among those in the paper. (1) If the two numbers are observations of the same experiment, Alice merely has to observe one trial and apply the Cover strategy to have a probability greater than 0.5 of guessing the larger value, even if the second trial has not yet been conducted (2) There are many nontrivial examples where Alice and Bob conduct different experiments, and Alice can observe one trial of her experiment and apply the Cover strategy to have a probability greater than 0.5 of guessing the larger value, even if many of the specifics of the other experiment have not yet been determined and a trial of it has not yet been conducted.

math.PR

Using Random Variables to Predict Experimental Outcomes

We shall show in this paper that there are experiments which are Bernoulli trials with success probability p > 0.5, and which have the curious feature that it is possible to correctly predict the outcome with probability > p.

stat.OT