Browse Definitions:
Definition

Bayesian logic

Named for Thomas Bayes, an English clergyman and mathematician, Bayesian logic is a branch of logic applied to decision making and inferential statistics that deals with probability inference: using the knowledge of prior events to predict future events. Bayes first proposed his theorem in his 1763 work (published two years after his death in 1761), An Essay Towards Solving a Problem in the Doctrine of Chances . Bayes' theorem provided, for the first time, a mathematical method that could be used to calculate, given occurrences in prior trials, the likelihood of a target occurrence in future trials. According to Bayesian logic, the only way to quantify a situation with an uncertain outcome is through determining its probability.

Bayes' Theorem is a means of quantifying uncertainty. Based on probability theory, the theorem defines a rule for refining an hypothesis by factoring in additional evidence and background information, and leads to a number representing the degree of probability that the hypothesis is true. To demonstrate an application of Bayes' Theorem, suppose that we have a covered basket that contains three balls, each of which may be green or red. In a blind test, we reach in and pull out a red ball. We return the ball to the basket and try again, again pulling out a red ball. Once more, we return the ball to the basket and pull a ball out - red again. We form a hypothesis that all the balls are all, in fact, red. Bayes' Theorem can be used to calculate the probability (p) that all the balls are red (an event labeled as "A") given (symbolized as "|") that all the selections have been red (an event labeled as "B"):

p(A|B) = p{A + B}/p{B}

Of all the possible combinations (RRR, RRG, RGG, GGG), the chance that all the balls are red is 1/4; in 1/8 of all possible outcomes, all the balls are red AND all the selections are red. Bayes' Theorem calculates the probability that all the balls in the basket are red, given that all the selections have been red as .5 (probabilities are expressed as numbers between 0. and 1., with "1." indicating 100% probability and "0." indicating zero probability).

The International Society for Bayesian Analysis (ISBA) was founded in 1992 with the purpose of promoting the application of Bayesian methods to problems in diverse industries and government, as well as throughout the Sciences. The modern incarnation of Bayesian logic has evolved beyond Bayes' initial theorem, developed further by the 18th century French theorist Pierre-Simon de Laplace, and 20th and 21st century practitioners such as Edwin Jaynes, Larry Bretthorst, and Tom Loredo. Current and possible applications of Bayesian logic include an almost infinite range of research areas, including genetics, astrophysics, psychology, sociology, artificial intelligence ( AI ), data mining , and computer programming .

This was last updated in January 2006

Continue Reading About Bayesian logic

Join the conversation

4 comments

Send me notifications when other members comment.

By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Please create a username to comment.

> defines a rule for refining an hypothesis by factoring in a

s/an/a
Cancel
You wrote: "Of all the possible combinations (RRR, RRG, RGG, GGG), the chance that all the balls are red is 1/4." Where does that come from? If the initial conditions were random, the chance that all three balls were red is 1/8; the chance that all three were green is 1/8; and the chance of two red and one green is 3/8 (RRG,RGR, GRR); and the chance of one red and 2 green is 3/8 (RGG,GRG,GGR).
Cancel
There seems to be more than one mistake here....
One factor is that a basket with only one color inside is not going to yield more one than one result.
Cancel
How would you like a way that with one-click you can get crazy profits?
Without any previous trading experience?
http://tinyurl.com/oljawde
Cancel

-ADS BY GOOGLE

File Extensions and File Formats

Powered by:

SearchCompliance

  • pure risk (absolute risk)

    Pure risk, also called absolute risk, is a category of threat that is beyond human control and has only one possible outcome if ...

  • risk assessment

    Risk assessment is the identification of hazards that could negatively impact an organization's ability to conduct business.

  • audit program (audit plan)

    An audit program, also called an audit plan, is an action plan that documents what procedures an auditor will follow to validate ...

SearchSecurity

SearchHealthIT

SearchDisasterRecovery

  • business continuity and disaster recovery (BCDR)

    Business continuity and disaster recovery (BCDR) are closely related practices that describe an organization's preparation for ...

  • business continuity plan (BCP)

    A business continuity plan (BCP) is a document that consists of the critical information an organization needs to continue ...

  • call tree

    A call tree -- sometimes referred to as a phone tree -- is a telecommunications chain for notifying specific individuals of an ...

SearchStorage

  • application-aware storage

    Application-aware storage is a storage system with built-in intelligence about relevant applications and their utilization ...

  • Remote Direct Memory Access (RDMA)

    Remote Direct Memory Access (RDMA) is a technology that allows computers in a network to exchange data in main memory without ...

  • software-defined storage (SDS)

    Software-defined storage (SDS) is a computer program that manages data storage resources and functionality and has no ...

SearchSolidStateStorage

  • 3D XPoint

    3D XPoint is memory storage technology jointly developed by Intel and Micron Technology Inc.

  • RRAM or ReRAM (resistive RAM)

    RRAM or ReRAM (resistive random access memory) is a form of nonvolatile storage that operates by changing the resistance of a ...

  • JEDEC

    JEDEC is a global industry group that develops open standards for microelectronics.

SearchCloudStorage

  • Google Cloud Storage

    Google Cloud Storage is an enterprise public cloud storage platform that can house large unstructured data sets.

  • RESTful API

    A RESTful application program interface breaks down a transaction to create a series of small modules, each of which addresses an...

  • cloud storage infrastructure

    Cloud storage infrastructure is the hardware and software framework that supports the computing requirements of a private or ...

Close