How to speed up the search for cures through a change in probability theory

Marty Makary was appointed commissioner of the Food and Drug Administration (FDA) in 2025. The prominent surgeon, medical researcher, bestselling author, and critic of the medical ...
Investopedia

Understanding Prior Probability in Bayesian Statistics

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...
JSTOR Daily

Bayesian rules for the two-armed bandit problem

Recently Fox has suggested and evaluated several non-Bayesian rules for the problem of the two-armed bandit. In this paper several Bayesian rules for this problem are compared with the best of Fox's ...
Quanta Magazine

The Slippery Eel of Probability

In school, we are trained to think that math problems always have one correct answer. But this is not necessarily true for problems dealing with probability, if the method used to reach the described ...
The Conversation

Bayes’ Theorem: the maths tool we probably use every day, but what is it?

Mike Lee receives relevant research funding from the Australian Research Council, the Australia-Pacific Science Foundation, and Flinders University. Benedict King receives funding from the Australian ...