Bayes, Price, Laplace
Bayesian Paradigm
# Most of us are born Bayesians
“It is remarkable that this science (probability), which originated in the consideration of games of chance, should have become the most important object of human knowledge.” Pierre-Simon de Laplace (1749-1827)
This is an R Markdown document. Markdown is a simple formatting syntax for authoring HTML, PDF, and MS Word documents. For more details on using R Markdown see http://rmarkdown.rstudio.com.
When you click the Knit button a document will be generated that includes both content as well as the output of any embedded R code chunks within the document. You can embed an R code chunk like this:
summary(cars)
## speed dist
## Min. : 4.0 Min. : 2.00
## 1st Qu.:12.0 1st Qu.: 26.00
## Median :15.0 Median : 36.00
## Mean :15.4 Mean : 42.98
## 3rd Qu.:19.0 3rd Qu.: 56.00
## Max. :25.0 Max. :120.00
You can also embed plots, for example:
Note that the echo = FALSE
parameter was added to the code chunk to prevent printing of the R code that generated the plot.