The guidance encourages the use of Bayesian statistics in drug trials. Instead of starting from scratch and only adding new ...

Bayes' theorem is a statistical formula used to calculate conditional probability. Learn how it works, how to calculate it ...

If the FDA follows through with the proposed guidelines, and they are not fatally twisted by pressure from the medical ...

In a world of uncertainty and shifting narratives, this post proposes a new model for investing: Bayesian edge investing. Unlike modern portfolio theory, which assumes equilibrium and perfect ...