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

Bayes' theorem, also called Bayes' rule or Bayesian theorem, is a mathematical formula used to determine the conditional probability of events. The theorem uses the power of statistics and probability ...

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 ...