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

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 ...

Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. It is really, really hard to find stuff to write about other than the C19 pandemic.

Some of you may have come across a growing number of publications in your field using an alternative paradigm called Bayesian statistics in which to perform their statistical analyses. The goal of ...

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

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 ...

It turns out that the old adage about statistics and damned lies wasn’t a joke. Sticks and stones may be bonebreakers, and words inflict no (physical) pain, but numbers can kill. In 2004, for instance ...

Everyone who spends time with children knows how incredibly much they learn. But how can babies and young children possibly learn so much so quickly? In a recent article in Science, I describe a ...

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