The stock market is an ever-changing place. In fact, it’s changing every second of every day as prices go up and down, and new factors impact the trajectory of the market. It’s important for investors ...

Rev. Thomas Bayes (1702-1761), an English clergyman, is credited as the author of “An Essay Towards Solving a Problem in the Doctrine of Chances.” Published posthumously in 1763, the paper set out ...

This article was published in Scientific American’s former blog network and reflects the views of the author, not necessarily those of Scientific American I’m not sure when I first heard of Bayes’ ...

First articulated in the 18th century by a hobbyist-mathematician seeking to reason backward from effects to cause, Bayes’ theorem spent the better part of two centuries struggling for recognition and ...

Over the years, many writers have implied that statistics can provide almost any result that is convenient at the time. Of course, honest practitioners use statistics in an attempt to quantify the ...

Although Bayes's theorem demands a prior that is a probability distribution on the parameter space, the calculus associated with Bayes's theorem sometimes generates sensible procedures from improper ...

In science, progress is possible. In fact, if one believes in Bayes' theorem, scientific progress is inevitable as predictions are made and as beliefs are tested and refined. ~ Nate Silver If the ...

Humans are predication machines. Every second of every day, we are trying to navigate the world based on our predictions. We are making predictions when we book a holiday, based on our prior knowledge ...

This is a preview. Log in through your library . Abstract The use of statistics and probabilities as legal evidence has recently come under increased scrutiny. Judges' and jurors' ability to ...