Introduction to Bayesian Thinking
Marcel van Oijen ()
Chapter Chapter 1 in Bayesian Compendium, 2020, pp 1-6 from Springer
Abstract:
Abstract In recent years, there has been a trend toward basing scientific research under conditions of incomplete information, i.e. most of science, on probability. We show how defining all uncertainties in modelling as probability distributions allows for rigorous reduction of those uncertainties when new data become available.
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-55897-0_1
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DOI: 10.1007/978-3-030-55897-0_1
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