It’s estimated that human adults make about 35,000 decisions a day — the percentage of good decisions depends on the adult. These choices can be as banal as deciding to roll or crumple toilet paper or ...
When Bob flips a coin and announces the result, what can we really know about which coin he chose? This video builds probability trees to reveal how new evidence systematically updates our beliefs, ...
A man went on an airplane ride. Unfortunately, he fell out. Fortunately, he had a parachute on. Unfortunately, the parachute did not open. Fortunately, there was a haystack below him, directly in the ...
Two Bayesian clinical trial designs that perform subgroup-specific decision making and inference based on elicited utilities of patient outcomes are reviewed. The first is a randomized comparative ...
When our brains don't have a good intuition for reasoning with numbers, explicit probabilistic thinking can lead to improved decision-making. A man went on an airplane ride. Unfortunately, he fell out ...