Economics 3 - Introduction to Probability and Statistics
Time: TR 4:30 - 5:45 pm (lecture), TR 3:00 - 4:15 pm (lab)
Location: DMH 358
A Primer on Bayesian Statistics
Three chapters that provide an alternative to the Classical approach to statistics. The Bayesian and Subjectivist viewpoints are used to provide insight into the weaknesses of the Classical approach. The three chapters cover probability definitions, estimators and hypothesis testing.