Learn how prior probability informs economic theory and decision-making in Bayesian statistics. Understand its role before collecting new data.

What’s often misunderstood about Google’s incrementality testing and how Bayesian models use probability to guide better decisions.

Physicists have derived a quantum version of Bayes’ rule, revealing how beliefs and probabilities update in the quantum realm with potential applications in computing and beyond. Credit: Shutterstock ...

A year ago today, a violent storm struck the coast of the sleepy Sicilian fishing village of Porticello. High winds and dramatic thunder and lightning are not unheard of around this time of year in ...

Veteran trader Peter Brandt says Bitcoin is following a similar pattern from its past, which could lead to a $125,000 BTC price by New Year’s Eve. Bitcoin (BTC) price entered a strong price discovery ...

1 Cornell Center for Astrophysics and Planetary Science (CCAPS) and Department of Statistics and Data Science, Cornell University, Ithaca, NY, United States 2 Department of Statistical Science, Duke ...

Humans can judge decision accuracy using confidence ratings, but the underlying computations remain debated. One of the most prominent theories of confidence, the Bayesian confidence hypothesis (BCH), ...

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