Subjective Probability Models for Lifetimes

Fabio Spizzichino

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English

Chapman & Hall/CRC
05 September 2019

Probability & statistics; Environmental science, engineering & technology

Series: Chapman & Hall/CRC Monographs on Statistics and Applied Probability

"Bayesian methods in reliability cannot be fully utilized and understood without full comprehension of the essential differences that exist between frequentist probability and subjective probability. Switching from the frequentist to the subjective approach requires that some fundamental concepts be rethought and suitably redefined.

Subjective Probability Models for Lifetimes details those differences and clarifies aspects of subjective probability that have a direct influence on modeling and drawing inference from failure and survival data. In particular, within a framework of Bayesian theory, the author considers the effects of different levels of information in the analysis of the phenomena of positive and negative aging.

The author coherently reviews and compares the various definitions and results concerning stochastic ordering, statistical dependence, reliability, and decision theory. He offers a detailed but accessible mathematical treatment of different aspects of probability distributions for exchangeable vectors of lifetimes that imparts a clear understanding of what the ""probabilistic description of aging"" really is, and why it is important to analyzing survival and failure data."

By: Fabio Spizzichino
Imprint: Chapman & Hall/CRC
Country of Publication: United Kingdom
Dimensions: Height: 229mm, Width: 152mm,
Weight: 494g
ISBN: 9780367397173
ISBN 10: 036739717X
Series: Chapman & Hall/CRC Monographs on Statistics and Applied Probability
Pages: 272
Publication Date: 05 September 2019
Audience: College/higher education , General/trade , Primary , ELT Advanced
Format: Paperback
Publisher's Status: Active

Spizzichino, Fabio