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There Cage's writing weaves together an ensemble cast whose choices and interactions cumulatively represent a significant set of potential outcomes.
We agree with Rubin (2008) and contend that ILSA researchers should make use of a probability model associated with the assignment mechanism as well a Bayesian analysis to consider the full set of potential outcomes for each case.
Using the counterfactual framework (Rubin 1997; Holland 1986), unit i has a set of potential outcomes, defined as, {Y i (t)} t ∈ Γ, i = 1,….., N, where τ is a continuous set of potential treatment values.
The RCM also makes use of a probability model associated with the assignment mechanism and of Bayesian analysis to consider the full set of potential outcomes for each case rather than relying on the observed outcome, which, according to Rubin (2008), is inadequate and "can lead to serious errors" (p. 813).
This trade finance issue is similar to the problem facing energy market players in the energy trading space, but with a longer tail and a broader set of potential outcomes.
If both plant and pollinator phenologies evolve, the set of potential outcomes may be more complicated.
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Applicable use of potential outcome notation included in report.
In fact, they usually can identify a range of potential outcomes or even a discrete set of scenarios.
So there is an array of potential outcomes and outlooks.
"The losses in fixed income this quarter were within the range of potential outcomes," he added.
Negotiation matters most when there is a broad range of potential outcomes.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com