Bayesian and maximum likelihood estimators are generally biased ... to the semiparametrically efficient estimator and variance equal to the semiparametric efficiency bound. The suggested augmentation ...

Is there a trade-off between the two or do they go hand in hand? IN his influential 1975 book Equality and Efficiency: The Big Tradeoff, Arthur Okun argued that pursuing equality can reduce efficiency ...

A very inefficient device will waste most of its input energy. The efficiency of a device is the proportion of the energy supplied that is transferred in useful ways. The efficiency can be ...