Bayesian Machine Learning -- Reasoning under Uncertainty with Edward
People are faced daily with situations involving uncertain outcomes. However, in these situations, we often make impulsive decisions, or risky decisions that are based solely on our past experience. These situations show what truly terrible decision makers we can be. What is true for us in daily life is also true for executives that have to make decisions that are critical to their business. Businesses have a lot of data, but what they typically lack are tools to utilize the data for rational decision making.
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