Understanding Credibility Theory in Actuarial Science

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

Old-school theory is a new force

Thomas Bayes, one of the leading mathematical lights in computing today, differs from most of his colleagues: He has argued that the existence of God can be derived from equations. His most important ...
JSTOR Daily

Revisiting Identification Concepts in Bayesian Analysis

https://doi.org/10.15609/annaeconstat2009.144.0001 • https://www.jstor.org/stable/10.15609/annaeconstat2009.144.0001 Copy URL This paper studies the role played by ...

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 ...
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 ...