Dictionary

The Dictionary provides concise definitions of health economics terms, arranged alphabetically for quick reference. Use it to understand unfamiliar terminology or confirm the meaning of a specific term.

1 term matching “Second-Order Uncertainty”

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Second-Order UncertaintyDistributional Parameter Uncertainty, Hyperparameter Uncertainty
Uncertainty about the parameters of a probability distribution itself, such as its true mean and variance, distinct from the variability the distribution represents.