For more than 60 years, this blank slate approach has been the Food and Drug Administration’s gold standard — and for good ...

Discover how credibility theory helps actuaries use historical data to estimate risks and set insurance premiums; learn how the Bayesian and Buhlmann methods relate.

Bayesian statistics represents a powerful framework for data analysis that centres on Bayes’ theorem, enabling researchers to update existing beliefs with incoming evidence. By combining prior ...

This is a preview. Log in through your library . Abstract From the outside, Bayesian statistics may seem like a closed little corner of probability. Once a prior is specified you compute! From the ...

Here’s our estimate of public support for vouchers, broken down by religion/ethnicity, income, and state: (Click on image to see larger version.) We’re mapping estimates from a hierarchical Bayes ...

The Rev. Thomas Bayes was, as the honorific the Rev. suggests, a clergyman. Too bad he wasn’t a lawyer. Maybe if he had been, lawyers today wouldn’t be so reluctant to enlist his mathematical insights ...