Making Statistics Work: Information Theory and Bayesian Inference - Softcover

Foley, Duncan; Scharfenaker, Ellis

Softcover

ISBN 10: 0231222041 ISBN 13: 9780231222044

Verlag: Columbia University Press, 2026

Inhaltsangabe

Conventional “frequentist” methods that dominate the field of statistics are generally inconsistent and liable to catastrophic failure in some contexts. These weaknesses have become particularly concerning in relation to crises of replicability and credibility in science. Two alternatives have been proposed to address these flaws―classical Bayesian inference and the principle of maximum entropy―but the connections between them remain controversial.

Making Statistics Work presents a synthesis of information theory and Bayesian inference that addresses these fundamental problems. It provides a consistent, powerful, and flexible framework for data inference based on rigorous logic derived from first principles, allowing for new approaches to many of the unresolved questions of statistics. Duncan K. Foley and Ellis Scharfenaker illustrate the application of this framework and the reasoning behind it across a variety of important statistical problems, such as the inference underlying “gold standard” clinical trials, models of human behavior employed in behavioral finance and psychology, analysis of macroeconomic policy, the relationship of classical probability to quantum physics, and the limitations of linear regression analysis. Making Statistics Work offers new insight into contentious topics, from problems of causality and confounding variables in randomized experimental trials to the foundations of Bayesian and frequentist probability theory.

Über diesen Titel

Über die Autorin bzw. den Autor

Duncan Foley is Leo Model professor of economics at the New School for Social Research and external professor of the Santa Fe Institute. He is author of Unholy Trinity: Labor, Capital and Land in the New Economy(2003), and Adam’s Fallacy: A Guide to Economic Theology (2006).

Details zur Ausgabe

• Verlag: Columbia University Press
• Erscheinungsdatum: 2026
• Sprache: Englisch
• ISBN 10: 0231222041
• ISBN 13: 9780231222044
• Einband: Taschenbuch
• Anzahl der Seiten: 320
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Nicht verfügbar