Subjective Probability Models for Lifetimes

ebook Chapman & Hall/CRC Monographs on Statistics and Applied Probability

By Fabio Spizzichino

cover image of Subjective Probability Models for Lifetimes

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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. Subjecti
Subjective Probability Models for Lifetimes