Subjective Probability Models for Lifetimes: 1st Edition (e-Book) book cover

Subjective Probability Models for Lifetimes

1st Edition

By Fabio Spizzichino

Chapman and Hall/CRC

272 pages

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Hardback: 9781584880608
pub: 2001-06-28
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pub: 2001-06-28
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Bayesian methods in reliability cannot be fully utilized and understood without full comprehension of the essential differences that exist between frequentist probability and subjective probability. Switching from the frequentist to the subjective approach requires that some fundamental concepts be rethought and suitably redefined.


Table of Contents

Exchangeability and Subjective Probability. Exchangeable lifetimes. Some Concepts of Dependence and Aging. Bayesian Properties of Aging. Bayesian Decisions, Orderings, and Majorization.

Subject Categories

BISAC Subject Codes/Headings:
MATHEMATICS / Probability & Statistics / General
MATHEMATICS / Probability & Statistics / Bayesian Analysis