Bayes of Our Lives

3 September 2009 at 9:16 am 2 comments

| Peter Klein |

Thomas_BayesI’ve already shared my Bayesian anecdote. On a more serious note, Andrew Gelman is asked (by Bill Harris) to recommend overviews of Bayesian methods for practitioners (analysts, managers). Andrew provides several helpful suggestions. Any others? Any recommendations for teaching Bayesian (or classical) statistics to MBAs, executives, even undergraduate business majors?

Entry filed under: - Klein -, Education, Teaching.

Wanted: Human Capital Research(ers) Not Even the Slightest Soupçon of Correlation

2 Comments Add your own

  • 1. Ty Mackey's avatar Ty Mackey  |  3 September 2009 at 2:55 pm

    In general, it’s pretty tough to teach Bayesian stats to MBAs, execs, and undergrads because there aren’t easy to use, off the shelf programs like Stata that do Bayes.

    With that said, I really like Bayesian Statistics and Marketing by Rossi, Allenby ,and McCulloch. The authors use it to teach MBAs. It’s very good for strategy researchers too. They wrote a software package in R called bayesm that is pretty user-friendly although it still takes a lot of effort to learn. Of course, strategy researchers should read the Hansen, Perry, Reese and Hahn & Doh papers in SMJ also to see why Bayes is so cool for our research.

  • 2. aje's avatar aje  |  19 September 2009 at 7:25 am

    Here’s my experience:
    http://thefilter.blogs.com/thefilter/2009/09/teaching-bayes.html

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