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Uncertainty Quantification and Modern Statistical Inference

Objective

Some of the most important and exciting challenges of our ‘information age’ have led to the development of novel statistical methodology and algorithms that are designed to deal with inference settings involving high-dimensionality, graphical and network structures, inverse problems, ‘big data’, stochastic differential equations, diffusion processes, cosmic microwave background maps, brain tomography etc.
While an abundance of algorithms is now available, a scientifically rigorous theory of uncertainty quantification and statistical decision making for such procedures has not been developed yet. Traditional approaches such as maximum likelihood estimation or parametric Bayesian inference cannot be used naively in increasingly complex contemporary statistical models. The construction of confidence statements and critical values for significant hypothesis tests is, however, of crucial importance for all applications of the statistical sciences to the modern world.
In this research we propose an objective, mathematically rigorous, and practical paradigm for uncertainty quantification in modern statistical inference problems, and illustrate how this approach can be used in some of the recently emerged areas of statistics. Our theory can validate both Bayesian and frequentist approaches to statistical inference, and can be expected to be optimal in an information-theoretic sense. It has potential impact on all areas of scientific theory building, on legal and medical practice, public management of the internet, modern media and other information structures, and also on the foundations of the mathematical discipline of statistics in itself.

Fields of science (EuroSciVoc)

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Programme(s)

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Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

ERC-COG - Consolidator Grant

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) ERC-2014-CoG

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Host institution

THE CHANCELLOR MASTERS AND SCHOLARS OF THE UNIVERSITY OF CAMBRIDGE
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 1 733 767,00
Address
TRINITY LANE THE OLD SCHOOLS
CB2 1TN CAMBRIDGE
United Kingdom

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Region
East of England East Anglia Cambridgeshire CC
Activity type
Higher or Secondary Education Establishments
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Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 1 733 767,00

Beneficiaries (1)

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