This is the 11th and final article in a series that reviews news coverage of the 2016 general election, explores how Donald Trump won and why his chances were underrated by most of the American media.
In A Philosophical Essay on Probabilities, published in 1814, Pierre-Simon Laplace introduced a notorious hypothetical creature: a “vast intelligence” that knew the complete physical state of the ...
Learn how prior probability informs economic theory and decision-making in Bayesian statistics. Understand its role before collecting new data.
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