Bayesian Theory, History, Applications, and Contemporary Directions
© 2015 Elsevier Ltd. All rights reserved. Bayes' theorem is a simple method for reversing conditional probabilities in straightforward probability problems. The theorem's application was expanded to become a full-fledged paradigm of statistics that provides a coherent, but subjective, method for updating scientific knowledge. For more than a century, Bayesian methodology was controversial in academia but used extensively in practical applications in the military and business. Improved computing capabilities, coupled with advances in estimation methods and increased applicability to contemporary statistical problems have made it a mainstream methodology. In recent years, Bayesian applications have become too numerous to discuss in detail. Instead, general directions are discussed.
- International Encyclopedia of the Social & Behavioral Sciences: Second Edition
Start / End Page
International Standard Book Number 13 (ISBN-13)
Digital Object Identifier (DOI)