Discover how credibility theory helps actuaries use historical data to estimate risks and set insurance premiums; learn how the Bayesian and Buhlmann methods relate.

“On this classic ID The Future out of the archive, Dr. Jonathan McLatchie gives us a beginner’s guide to Bayesian thinking and teaches us how it can be used to build a strong cumulative case for ...

Abstract: Bayesian Network is a significant graphical model that is used to do probabilistic inference and reasoning under uncertainty circumstances. In many applications, existence of discrete and ...

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Dr. Grande's covers topics related to counselor education and supervision including but not limited to mental health, human behavior, relationship dynamics, psychopathology, personality theory, true ...

A recent Delaware Chancery Court opinion offers a significant example of how courts may apply complex probability analysis to determine the amount of damages in an earnout dispute. The case arose from ...

Forbes contributors publish independent expert analyses and insights. Writes about the future of finance and technology, follow for more. Joint probability teaches us to calculate combined outcomes.