We introduce the Beta distribution and show how it is the conjugate prior for the Binomial, and discuss Bayes’ billiards. Stephen Blyth at Harvard University then gives examples of how probability is used in finance.

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# Tag: Beta distribution

## Beta distribution

We introduce the Beta distribution and show how it is the conjugate prior for the Binomial, and discuss Bayes’ billiards. Stephen Blyth at Harvard University then gives examples of how probability is used in finance.