Bernoulli’s 1713 golden theorem is viewed retrospectively in the context of modern model-based frequentist inference that revolves around the concept of a prespecified statistical model Mθ (x), ...

One of the goals of statistics is to make inferences about population parameters from a limited set of observations. Last month, we showed how Bayes' theorem is used to update probability estimates as ...

WE ARE in a bar, and agree to toss a coin for the next round. Heads, I pay; tails, the drinks are on you. What are your chances of a free pint? Most people – sober ones, at least – would agree: ...