The guidance encourages the use of Bayesian statistics in drug trials. Instead of starting from scratch and only adding new ...
Citations: Seo, Kyoungwon, Larry Epstein. 2012. Bayesian Inference and Non-Bayesian Prediction and Choice: Foundations and an Application to Entry Games with Multiple Equilibria.
Bayes' theorem is a statistical formula used to calculate conditional probability. Learn how it works, how to calculate it ...