Recently Fox has suggested and evaluated several non-Bayesian rules for the problem of the two-armed bandit. In this paper several Bayesian rules for this problem are compared with the best of Fox's ...

Bayes' theorem, also called Bayes' rule or Bayesian theorem, is a mathematical formula used to determine the conditional probability of events. The theorem uses the power of statistics and probability ...

Whether in everyday life or in the lab, we often want to make inferences about hypotheses. Whether I’m deciding it’s safe to run a yellow light, when I need to leave home in order to make it to my ...