This said, “Type-I Error” and “Type-II Error” are clearly arbitrary labels! These names do not give the reader an intuitive sense of what you’re talking about!

Around the world, sector-specific regulation of communications markets is being phased out. One way to think about this is that Type I errors (mistakenly prohibiting procompetitive activities) are ...

It is generally agreed that the conviction of an innocent person (type-I error) should be avoided even at the cost of allowing a certain number of acquittals of criminals (type-II error). The high ...

AbstractThe economic theory of crime deterrence predicts that the conviction of an innocent individual (type I error) is as detrimental to deterrence as the acquittal of a guilty individual (type II ...