Uncertainty

Quantifying the Expected Value of Information

TLDR We sometimes have the option to purchase additional information (like paying for an experiment to be performed, or for a report from an expert consultant) to help us in problems of decision making under uncertainty.

Why Go Bayesian?

TLDR This post is intended to be a high-level discussion of the merits and challenges of applied Bayesian statistics. It is intended to help the reader answer: Is it worth me learning Bayesian statistics?