In the modern world information has become the new power. An increasing amount of efforts are being made to gather data, resources being allocated, time being invested and tools being developed. Data collection is no longer a myth; however, it remains a great challenge to create value out of the enormous data that is being collected. Data modeling…

Included are probability models for various strategies that contestants on the television game show, "Let's-Make-a-Deal," might use when given the option to stick with their original choice of three unopened doors or switch to the unopened door after one of the other two doors has been opened. (JJK)

The use of Bayesian decision theory to solve problems in test-based decision making is discussed. Four basic decision problems are distinguished: (1) selection; (2) mastery; (3) placement; and (4) classification, the situation where each treatment has its own criterion. Each type of decision can be identified as a specific configuration of one or…

The rule space model permits measurement of cognitive skill acquisition, diagnosis of cognitive errors, and detection of the strengths and weaknesses of knowledge possessed by individuals. Two ways to classify an individual into his or her most plausible latent state of knowledge include: (1) hypothesis testing--Bayes' decision rules for minimum…