9 RegisterLog in Sign up with one click: Facebook Twitter Google Share on Facebook exceedance probability The probability of a storm occurring during any one year which equals or exceeds the rainfall rate used in the design of the storm-water drainage system. ...
where\({x}_{1}^{k}>{x}_{2}^{k}\)and\({w(p}_{1}^{k})\)is a probability weight given to the best outcome. We tested three specifications of the probability weighting function—linear, 1-parameter Prelec function and 1-parameter Kahneman and Tversky3function. Table2summarizes these ...
Table 3. Simulations needed for convergence at a given 𝑃𝑞Pq. 2.3. Model Selection and Distribution Fitting—AIC Calculation To generalize the results, a distribution must be plotted on the outcome of the SPM, i.e., the probability density and the cumulative density of the normal stresses...
δ, the shift parameter, represents the centering of the distribution, and it is equal to the mean of the distribution only when α > 1 and β = 0. The differences of δ in Table 2 show the different centering of the four layers. Water 2017, 9, 466 8 of 13 to the mean of the ...
In summary, the parameters are being estimated as a random variable which is a specific distribution form, and the probability density distribution f (x|θ) is transferred as the posterior probability h(x|θ). It first obtains the probability density distribution and then obtains the parameter ...
Table 1. Allais Paradox performance using EDRM. Tj is the prospect of the choice α = 0.88 is the standard power utility used by Kahneman and Tversky and others. Calc % provides percentage comparison from the PEM. Underlines indicate the greater values. 1 and 2 3 and 4 Problem (Value, ...