The Oxford Handbook of Applied Bayesian Analysis

The Oxford Handbook of Applied Bayesian Analysis

Number of page: 889
Author: edited by Anthony O' Hagan, Mike West
Publisher: Oxford University Press
Rating:
Category: Business & Economics

Bayesian analysis has developed rapidly in applications in the last two decades and research in Bayesian methods remains dynamic and fast-growing. Dramatic advances in modelling concepts and computational technologies now enable routine application of Bayesian analysis using increasingly realistic stochastic models, and this drives the adoption of Bayesian approaches in many areas of science, technology, commerce, and industry. This Handbook explores contemporary Bayesian analysis across a variety of application areas. Chapters written by leading exponents of applied Bayesian analysis showcase the scientific ease and natural application of Bayesian modelling, and present solutions to real, engaging, societally important and demanding problems. The chapters are grouped into five general areas: Biomedical & Health Sciences; Industry, Economics & Finance; Environment & Ecology; Policy, Political & Social Sciences; and Natural & Engineering Sciences, and Appendix material in each touches on key concepts, models, and techniques of the chapter that are also of broader pedagogic and applied interest.

About The Author

Tony O'Hagan is internationally recognized for his research in the methodology and applications of Bayesian statistics. Following BSc and PhD degrees from the University of London, he taught at the Universities of Dundee and Warwick before becoming a full professor at the University of Nottingham and then the University of Sheffield. He has also spent two years working in the electricity industry. He has substantial applied expertise from applications in many fields, including engineering, health, environmental science and finance.

Mike West is an international research and educational leader in statistical science whose areas of expertise span a range of areas in Bayesian statistical modelling and computational statistics, and inter-disciplinary applications in science, biomedicine, finance and other areas. West was a faculty member at the leading Bayesian centre at Warwick University UK in the 1980s, and led the development of one of the main centres worldwide – at Duke University — during the 1990s and into the Bayesian 21st century. As distinguished professor of statistical science at Duke University, West is broadly engaged in national and international professional activities, his research continues to emphasise Bayesian methodology development and applications of complex stochastic modelling, while his major professional focus remains the engagement and mentoring of future statistical scientists.