How to Use Bayesian Methods for Accurate Financial Forecasting

Learn to apply Bayes' theorem in financial forecasting for insightful, updated predictions. Enhance decision-making with ...

Understanding Credibility Theory in Actuarial Science

Discover how credibility theory helps actuaries use historical data to estimate risks and set insurance premiums; learn how ...
JSTOR Daily

Bayesian Decision Theory, Subjective and Objective Probabilities, and Acceptance of Empirical Hypotheses

Synthese, Vol. 57, No. 3, Rationality and Objectivity: Philosophical and Psychological Conceptions, Part II (Dec., 1983), pp. 341-365 (25 pages) It is argued that we need a richer version of Bayesian ...
Inverse

Make Better Decisions With Bayesian Probability, the Smart Way to Consider Risk

It’s estimated that human adults make about 35,000 decisions a day — the percentage of good decisions depends on the adult. These choices can be as banal as deciding to roll or crumple toilet paper or ...
Finextra

Alaric offers Bayesian alternative to neural card fraud detection

Alaric says the use of Bayesian methods offers significant advantages over neural network-based systems: Fractals models may be computed in a matter of minutes, thus enabling them to be adaptive and ...