The post How To Speed Up the Search for Cures Through a Change in Probability Theory appeared first on Reason.com.

The first step in any statistical analysis, be it frequentist or Bayesian, is the construction of a probabilistic model which describes, mathematically, the way the data under study has been generated ...

The US Food and Drug Administration (FDA) is now “open to bayesian statistics,” contrasting this with the frequentist approach that the agency and the drug industry have historically relied on for ...