Resources

Resources
covered subject areas

Expand your knowledge through our resources. Try our online tools and start reading our articles about probabilistic modeling, machine learning, risk assessment, uncertainty quantification and other fundamental topics. Here are the resources you need to get started dealing with uncertainties that arise in your day-to-day projects.

Probabilistic modeling

Log-t distribution

The log-t distribution models the uncertainty about positive-valued quantities that follow a log-normal distribution with unknown mean and standard deviation.
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Probabilistic modeling

Normal-gamma distribution

The Normal-gamma distribution serves as conjugate prior for a Normal distribution with unknown mean and standard deviation. As parameters for the prior, the prior mean and variance can be used, along with the number of associated (pseudo-)observations.
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Decision analysis

What is expected utility?

Expected utility is used to identify the optimal decision alternative when the utility function is subject to uncertainty. Expected utility is the expected value of the utility function.
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