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Subjective Probability Models for Lifetimes, PDF eBook

Subjective Probability Models for Lifetimes PDF

Part of the Chapman & Hall/CRC Monographs on Statistics and Applied Probability series

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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 that some fundamental concepts be rethought and suitably redefined.

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