Understanding Credibility Theory in Actuarial Science

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

Lessons From Bayesian Theory For Corporate Communicators

How do you shape perception ethically when storytelling beats facts? One compelling framework that offers clarity is Bayesian persuasion, introduced by economists Kamenica and Gentzkow in 2011, —a ...
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 ...
Strategy+Business

The Power of Plausibility Theory

Investors and executives are spending an awful lot of time these days analyzing the “bet the company” decisions that corporate leadership teams increasingly are called upon to make. Some are obviously ...