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F – Test

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F-Test F- test is generally known as the arcane ratio test and it is used mostly in  context of analysis of variance. This technique was […]

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Chi – Square

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Chi – Square [Properties] Chi- Square is an important non-parametric test and as such now rigid assumptions are necessary is respect of the type of […]

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Scitovsky Paradox

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Scitovsky Reversals and the Double Criteria Granted that the strong Kaldor criteria is lacking in its ability to compare allocations, problems also arise with the […]

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Arrow’s Impossibility Theorem

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Arrow’s Impossibility Theorem In an attempt to construct a consistent social ranking of a set of alternatives on the basis of individual preferences over this […]

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Game Theory

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Key Concepts A game is any situation in which players (the participants) make strategic decisions—i.e., decisions that take into account each other’s actions and responses. […]