Cover of Subjective Probability Models for Lifetimes by Spizzichino, Fabio, ISBN 9780367397173
Bayesian Analysis

Subjective Probability Models for Lifetimes

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Paperback Β· ISBN 9780367397173

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Key Specifications

ISBN 9780367397173
Publisher Chapman and Hall/CRC
Publication date September 2019
Language English
MRP Β£70.99 GBP
Page count 270
Item weight 81 g

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.