On Hodges' superefficiency and merits of oracle property in model selection (Q2330527): Difference between revisions

The oracle property of model selection (ORACULUM, the name of a kind of decisions given by the Roman emperors) is very famous. Some likes it very much, some others critize it very much. A new type of Hodges' estimators is described that can easily produce model selection procedures with the oracle and some other desired properties. New discoveries are made on the merits of the oracle property. This paper is very interesting with not too difficult mathematics in it.