Bayesian sequential tests for comparing the number of species in two populations: a simulation strdy

Abstract

In yue and clayton (1996),a sequential bayesian approach was used to compare the number of speeies in two populations based on a cost structrue,which consists of a sampling cost and a misclassification loss. We discuss the search for good alternative decision rules when the optimal stopping rule is difficult to apply. Different types of decision rules. including look ahead rules,are examined by means of backward induction and simulations.