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Subjective Probability Models for Lifetimes
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Product Details
Author:
Fabio Spizzichino
Format:
Paperback
Pages:
272
Publisher:
CRC Press (September 5, 2019)
Language:
English
ISBN-13:
9780367397173
Weight:
16oz
Dimensions:
6" x 9"
File:
TAYLORFRANCIS-TayFran_260123055423600-20260123.xml
Folder:
TAYLORFRANCIS
List Price:
$89.99
Series:
Chapman & Hall/CRC Monographs on Statistics and Applied Probability
As low as:
$85.49
Publisher Identifier:
P-CRC
Discount Code:
H
Country of Origin:
United States
Pub Discount:
30
Case Pack:
1
Imprint:
Chapman and Hall/CRC
Overview
Bayesian methods in reliability cannot be fully utilized without understanding 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 re-thought. This text details those differences and clarifies aspects of subjective probability that have a direct influence on modeling and drawing inference from failure and survival data. In particular, within a framework of Bayesian theory, the author considers the effects of different levels of information in the analysis of the phenomena of positive and negative aging.
