Bayesian thinking helps you make better decisions by updating your beliefs when new evidence appears. Even in games of chance like scratch-off lotteries, paying attention to information can improve ...

Researchers have employed Bayesian neural network approaches to evaluate the distributions of independent and cumulative ...

The FDA’s new draft guidance on Bayesian methodology signals a shift toward more flexible, data-driven clinical trial designs, enabling sponsors to use prior data and adaptive approaches to improve ...

Three crew members of the Bayesian superyacht are officially under investigation for crimes including negligence, recklessness and failing to save the ship from an oncoming storm, according to Italian ...

Discover how credibility theory helps actuaries use historical data to estimate risks and set insurance premiums; learn how ...

In a world of uncertainty and shifting narratives, this post proposes a new model for investing: Bayesian edge investing. Unlike modern portfolio theory, which assumes equilibrium and perfect ...

Salvage crews have recovered the boom from the $40 million Bayesian luxury yacht, which sank off the coast of Sicily in August 2024, killing seven people, including British tech tycoon Mike Lynch and ...

Articulate the primary interpretations of probability theory and the role these interpretations play in Bayesian inference Use Bayesian inference to solve real-world statistics and data science ...