Learn how prior probability informs economic theory and decision-making in Bayesian statistics. Understand its role before collecting new data.

Are you tired of manually updating and reviewing your Excel spreadsheets? When you deal with hundreds of rows and columns in ...

Here is a [recently developed] tool for analyzing the choices, risks, objectives, monetary gains, and information needs involved in complex management decisions, like plant investment. by John F.

I’m walking in the Eifel Mountains in western Germany, through cathedral-like groves of oak and beech, and there’s a strange unmoored feeling of entering a fairy tale. The trees have become vibrantly ...