A loss function is a real lower-bounded function L on Θ × A for some θ ∈ Θ. The value L(θ, δ(X)) is the cost of action δ(X) under parameter θ.
Read more about Loss Function: Decision Rules, Expected Loss, Selecting A Loss Function, Loss Functions in Bayesian Statistics, Regret, Quadratic Loss Function, 0-1 Loss Function
Famous quotes containing the words loss and/or function:
“Somebody who should have been born
is gone.
Yes, woman, such logic will lead
to loss without death. Or say what you meant,
you coward . . . this baby that I bleed.”
—Anne Sexton (1928–1974)
“The art of living is to function in society without doing violence to one’s own needs or to the needs of others. The art of mothering is to teach the art of living to children.”
—Elaine Heffner (20th century)