Effective Bayesian Modelling with Knowledge Before Data
This project aims to improve evidence-based decision-making. What makes it radical is that it plans to do this in situations (common for critical risk assessment problems) where there is little or even no data, and hence where traditional statistics cannot be used. To address this problem Bayesian analysis, which enables domain experts to supplement observed data with subjective probabilities, is …
Effective Bayesian Modelling with Knowledge Before Data Read more »