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 some fundamental concepts be re-thought and suitably refined. This text details those differences and clarifies aspects of subjective probability that have a direct influence on modelling and drawing inference from failure and survival data. Topics include ...

Subjective Probability Models for Lifetimes 2001, CRC Press, Boca Raton, FL

ISBN-13: 9781584880608