The stochastic Poisson model Essay Example | Topics and Well Written Essays - 1000 words

The stochastic Poisson model - Essay ExampleThe Poisson process is a stochastic process, which shows events that find independently from one another and continuously. Stochastic processes are part of probability possible action and are use to describe random processes. They are based on a level of indeterminacy, which means that the final resultant role is unknown although some paths and outcomes are more same(p)ly than others. (Doob, 1953)The Stochastic Poisson model has been used to describe processes like rainfall, the telephone calls that arrive at a switchboard, radioactive decay of atoms, and the page views of a website. Its use to describe the finale making of a juror is a relatively new and exotic application.When applied to closing making a Poisson process can be catalogued as special topic of renewal theory (Cox, 1962). This model was proposed by Thomas and Hogue (1976) as a descriptive model in juror stopping point making.The model describes the jurors choice maki ng as a two step process. In the first organise the juror must consider the evidence to create a final estimate of the saddle of the case against or for the defendant. Secondly, each juror has an individual decision criterion that allocates the apparent lean of evidence into for and against decision zones. According to this model a juror will only decide against a defendant if the saddle of evidence exceeds his personal decision criterion. This means that the confidence of a juror in any busy decision will be a mathematical function of the distance between the apparent weight of the evidence and their personal decision criterion. The further a management these parameters are the stronger the confidence of the juror in a particular decision.The indeterminacy of this process lies in the assumption that the apparent weight of evidence, or the perception of the weight of evidence, is randomly distributed among jurors. Thomas and Hogues (1976) decided to use an exponential probabili ty density function to describe the way jurors arrived at a