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Bernoulli hypothesis (DO)<br />The hypothesis, named after Daniel Bernoulli (1700 - l\2), that in a gamble an individual will participate according to the personal UTILITIES he or she attaches to the probabilities. This approach is prominent in the economics of RISK and UNCERTAINTY.<br /> <br /><em>Reference</em><br />Pearson, K. (1978) The History of Statistics in the 17th and 18th Centuries, New York: Macmillan.
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longitudinal data (C8)<br />Statistical information on changes to a cohort through time, e.g. the career of persons.<br /><em>See also:</em> time series
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soft modelling (C5)<br />A form of factor analysis with as few PARAMETERS as possible. This approach is used to build socioeconomic models where there is little information on the place of each variable in a causal chain.<br /> <br /><em>Reference</em><br />Joreskog, K. and Wold, H. (1982) Systems under Indirect Observation, Amsterdam: North-Holland.
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