bayesian

Bayes Theorem, the Geometry of Changing Beliefs

Bayes Theorem, the Geometry of Changing Beliefs

Bayesian thinking is successfully applied to professional fields requiring statistics and also to those considered outside of traditional statistics like education, computer programming, software, philosophy, economics, medicine and the practice of law. Bayesian thinking is a mental model which allows us to adapt our thinking reactively to new evidence as it arises and adjust our […]

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bayesian statistics

Bayesian Statistics in Trading

Bayesian statistics is a systematic process for describing educated guesses during uncertainty using mathematical probability. The Bayesian interpretation of probability expresses degrees of belief in a specific event happening. The amount of belief can be determined by prior knowledge about an event, like results of similar events in the past, experimenting about potential outcomes, or

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