ENGLISH

Subjective Probability Models for Lifetimes

By Fabio Spizzichino F. Spizzichino

Book information

Publisher
Chapman & Hall /CRC
Year
2001
ISBN
1584880600, 9781584880608, 9781420036138
Open Library ID
OL8795171M
Language
english
Format
PDF
Filesize
3 MB (2787641 bytes)
Series
Monographs on Statistics & Applied Probability 91
Edition
1
Pages
259\259
Orientation
no
Scanned
no
Time added
2011-08-31 04:54:40

Description

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.

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