In the ever-evolving toolkit of statistical analysis techniques, Bayesian statistics has emerged as a popular and powerful methodology for making decisions from data in the applied sciences. Bayesian ...

A common misconception about Bayesian statistics is that it mainly involves incorporating personal prior beliefs or subjective opinions. While priors do play a role, the core strength of Bayesian ...

Background Conventionally, frequentist approach has been used to model health state valuation data. Recently, researchers started to explore the use of Bayesian methods in this area. Objectives This ...