Bayesian Methods in Asset Management
回顾了贝叶斯统计方法，讨论其在资产管理中的应用，包括如何利用先验概率并随新信息更新，以及该方法在金融建模中更新模型参数的作用，同时指出了其局限性。
The Bayesian statistical method is one of the two major forms of statistical analysis. This approach allows decision makers who have a prior assessment of the probability of some random event occurring to systematically update that probability as more information becomes available. The approach is also used in financial modeling to update the parameters of a model as new data become available. This article reviews the Bayesian methods, discusses the implications for asset management, and describes the limitations of this approach to statistical analysis.