How likely you think something is to happen depends on what you already believe about the circumstances. That is the simple ...

All you need to know about Bayes' theorem and how it's used to evaluate the probability that financial scenarios will occur.

Probability theorem gets quantum makeoverWhat would Thomas Bayes think? In 1763, he proposed a new approach to calculate ...

Thomas Bayes was an English cleric and mathematician who was interested, among other things, in finding a proof of god. He couldn’t, but he left a treatise and a theorem, which, after it was ...

Bayes' theorem in essence states that the probability of a given hypothesis depends both on the current data and prior knowledge.

As one scientist puts it, Bayes' theorem, developed by a Presbyterian minister, isn't clouded by emotion, so it can be revelatory — and may be the best hope of finding Malaysian Airlines Flight 370.

First articulated in the 18th century by a hobbyist-mathematician seeking to reason backward from effects to cause, Bayes’ theorem spent the better part of two centuries struggling for ...

Also, the analysis links Bayes's theorem to maximum-entropy considerations. The American Statistician strives to publish articles of general interest to the statistical profession on topics that are ...