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Subjective Probability Models for Lifetimes (Chapman & Hall/CRC Monographs on Statistics and Applied Probability) - Softcover

Book 10 of 110: ISSN

Spizzichino, Fabio

 
9780367397173: Subjective Probability Models for Lifetimes (Chapman & Hall/CRC Monographs on Statistics and Applied Probability)
Softcover
ISBN 10: 036739717X ISBN 13: 9780367397173
Publisher: Chapman and Hall/CRC, 2019

Synopsis

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. Subjective Probability Models for Lifetimes 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. The author coherently reviews and compares the various definitions and results concerning stochastic ordering, statistical dependence, reliability, and decision theory. He offers a detailed but accessible mathematical treatment of different aspects of probability distributions for exchangeable vectors of lifetimes that imparts a clear understanding of what the "probabilistic description of aging" really is, and why it is important to analyzing survival and failure data.

"synopsis" may belong to another edition of this title.

About the Author

Spizzichino, Fabio

From the Back Cover

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.

"About this title" may belong to another edition of this title.

Publisher
Chapman and Hall/CRC
Publication date
2019
Language
English
ISBN 10 
036739717X
ISBN 13 
9780367397173
Binding
Paperback
Edition number
1
Number of pages
272