Tag: Bayesian Thinking

Psychology Bayesian Thinking making better decisions

Bayesian Thinking

what is Bayesian Thinking

What is this Bayesian thinking? In simple terms, we evaluate and make decisions based on the results of our past experiences or anecdotal data. If you want to buy a stock, you would check its past performance and then buy the stock, the same thinking we apply to most of our other decisions. For most of our life, we live with the assistance of Bayesian thinking. What is the point of discussing? when it looks like an obvious thing in our life. Being aware of this can help you to predict how outcomes can be in some real-life situations. If

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