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Book Bayes  Rule

    Book Details:
  • Author : James V. Stone
  • Publisher : Sebtel Press
  • Release : 2013-06-01
  • ISBN : 0956372848
  • Pages : 184 pages

Download or read book Bayes Rule written by James V. Stone and published by Sebtel Press. This book was released on 2013-06-01 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this richly illustrated book, the tutorial style of writing, combined with a comprehensive glossary, makes this an ideal primer for the novice who wishes to become familiar with the basic principles of Bayesian analysis.

Book Bayesian Data Analysis  Third Edition

Download or read book Bayesian Data Analysis Third Edition written by Andrew Gelman and published by CRC Press. This book was released on 2013-11-01 with total page 677 pages. Available in PDF, EPUB and Kindle. Book excerpt: Now in its third edition, this classic book is widely considered the leading text on Bayesian methods, lauded for its accessible, practical approach to analyzing data and solving research problems. Bayesian Data Analysis, Third Edition continues to take an applied approach to analysis using up-to-date Bayesian methods. The authors—all leaders in the statistics community—introduce basic concepts from a data-analytic perspective before presenting advanced methods. Throughout the text, numerous worked examples drawn from real applications and research emphasize the use of Bayesian inference in practice. New to the Third Edition Four new chapters on nonparametric modeling Coverage of weakly informative priors and boundary-avoiding priors Updated discussion of cross-validation and predictive information criteria Improved convergence monitoring and effective sample size calculations for iterative simulation Presentations of Hamiltonian Monte Carlo, variational Bayes, and expectation propagation New and revised software code The book can be used in three different ways. For undergraduate students, it introduces Bayesian inference starting from first principles. For graduate students, the text presents effective current approaches to Bayesian modeling and computation in statistics and related fields. For researchers, it provides an assortment of Bayesian methods in applied statistics. Additional materials, including data sets used in the examples, solutions to selected exercises, and software instructions, are available on the book’s web page.

Book Bayesian Statistics the Fun Way

Download or read book Bayesian Statistics the Fun Way written by Will Kurt and published by No Starch Press. This book was released on 2019-07-09 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fun guide to learning Bayesian statistics and probability through unusual and illustrative examples. Probability and statistics are increasingly important in a huge range of professions. But many people use data in ways they don't even understand, meaning they aren't getting the most from it. Bayesian Statistics the Fun Way will change that. This book will give you a complete understanding of Bayesian statistics through simple explanations and un-boring examples. Find out the probability of UFOs landing in your garden, how likely Han Solo is to survive a flight through an asteroid shower, how to win an argument about conspiracy theories, and whether a burglary really was a burglary, to name a few examples. By using these off-the-beaten-track examples, the author actually makes learning statistics fun. And you'll learn real skills, like how to: - How to measure your own level of uncertainty in a conclusion or belief - Calculate Bayes theorem and understand what it's useful for - Find the posterior, likelihood, and prior to check the accuracy of your conclusions - Calculate distributions to see the range of your data - Compare hypotheses and draw reliable conclusions from them Next time you find yourself with a sheaf of survey results and no idea what to do with them, turn to Bayesian Statistics the Fun Way to get the most value from your data.

Book Bayesian Statistics for Beginners

Download or read book Bayesian Statistics for Beginners written by Therese M. Donovan and published by Oxford University Press, USA. This book was released on 2019 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an entry-level book on Bayesian statistics written in a casual, and conversational tone. The authors walk a reader through many sample problems step-by-step to provide those with little background in math or statistics with the vocabulary, notation, and understanding of the calculations used in many Bayesian problems.

Book The Theory That Would Not Die

Download or read book The Theory That Would Not Die written by Sharon Bertsch McGrayne and published by Yale University Press. This book was released on 2011-05-17 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This account of how a once reviled theory, Baye’s rule, came to underpin modern life is both approachable and engrossing" (Sunday Times). A New York Times Book Review Editors’ Choice Bayes' rule appears to be a straightforward, one-line theorem: by updating our initial beliefs with objective new information, we get a new and improved belief. To its adherents, it is an elegant statement about learning from experience. To its opponents, it is subjectivity run amok. In the first-ever account of Bayes' rule for general readers, Sharon Bertsch McGrayne explores this controversial theorem and the generations-long human drama surrounding it. McGrayne traces the rule’s discovery by an 18th century amateur mathematician through its development by French scientist Pierre Simon Laplace. She reveals why respected statisticians rendered it professionally taboo for 150 years—while practitioners relied on it to solve crises involving great uncertainty and scanty information, such as Alan Turing's work breaking Germany's Enigma code during World War II. McGrayne also explains how the advent of computer technology in the 1980s proved to be a game-changer. Today, Bayes' rule is used everywhere from DNA de-coding to Homeland Security. Drawing on primary source material and interviews with statisticians and other scientists, The Theory That Would Not Die is the riveting account of how a seemingly simple theorem ignited one of the greatest controversies of all time.

Book Think Bayes

    Book Details:
  • Author : Allen Downey
  • Publisher : "O'Reilly Media, Inc."
  • Release : 2013-09-12
  • ISBN : 1491945443
  • Pages : 213 pages

Download or read book Think Bayes written by Allen Downey and published by "O'Reilly Media, Inc.". This book was released on 2013-09-12 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: If you know how to program with Python, and know a little about probability, you're ready to tackle Bayesian statistics. This book shows you how to use Python code instead of math to help you learn Bayesian fundamentals. Once you get the math out of the way, you'll be able to apply these techniques to real-world problems.

Book Bayesian Probability for Babies

Download or read book Bayesian Probability for Babies written by Chris Ferrie and published by Sourcebooks, Inc.. This book was released on 2019-07-02 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fans of Chris Ferrie's Rocket Science for Babies, Astrophysics for Babies, and 8 Little Planets will love this introduction to the basic principles of probability for babies and toddlers! Help your future genius become the smartest baby in the room! It only takes a small spark to ignite a child's mind. If you took a bite out of a cookie and that bite has no candy in it, what is the probability that bite came from a candy cookie or a cookie with no candy? You and baby will find out the probability and discover it through different types of distribution. Yet another Baby University board book full of simple explanations of complex ideas written by an expert for your future genius! If you're looking for baby math books, probability for kids, or more Baby University board books to surprise your little one, look no further! Bayesian Probability for Babies offers fun early learning for your little scientist!

Book Think Bayes

    Book Details:
  • Author : Allen B. Downey
  • Publisher : "O'Reilly Media, Inc."
  • Release : 2021-05-18
  • ISBN : 1492089435
  • Pages : 338 pages

Download or read book Think Bayes written by Allen B. Downey and published by "O'Reilly Media, Inc.". This book was released on 2021-05-18 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: If you know how to program, you're ready to tackle Bayesian statistics. With this book, you'll learn how to solve statistical problems with Python code instead of mathematical formulas, using discrete probability distributions rather than continuous mathematics. Once you get the math out of the way, the Bayesian fundamentals will become clearer and you'll begin to apply these techniques to real-world problems. Bayesian statistical methods are becoming more common and more important, but there aren't many resources available to help beginners. Based on undergraduate classes taught by author Allen B. Downey, this book's computational approach helps you get a solid start. Use your programming skills to learn and understand Bayesian statistics Work with problems involving estimation, prediction, decision analysis, evidence, and Bayesian hypothesis testing Get started with simple examples, using coins, dice, and a bowl of cookies Learn computational methods for solving real-world problems

Book Introduction to Bayesian Statistics

Download or read book Introduction to Bayesian Statistics written by William M. Bolstad and published by John Wiley & Sons. This book was released on 2013-06-05 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: Praise for the First Edition "I cannot think of a better book for teachers of introductory statistics who want a readable and pedagogically sound text to introduce Bayesian statistics." —Statistics in Medical Research "[This book] is written in a lucid conversational style, which is so rare in mathematical writings. It does an excellent job of presenting Bayesian statistics as a perfectly reasonable approach to elementary problems in statistics." —STATS: The Magazine for Students of Statistics, American Statistical Association "Bolstad offers clear explanations of every concept and method making the book accessible and valuable to undergraduate and graduate students alike." —Journal of Applied Statistics The use of Bayesian methods in applied statistical analysis has become increasingly popular, yet most introductory statistics texts continue to only present the subject using frequentist methods. Introduction to Bayesian Statistics, Second Edition focuses on Bayesian methods that can be used for inference, and it also addresses how these methods compare favorably with frequentist alternatives. Teaching statistics from the Bayesian perspective allows for direct probability statements about parameters, and this approach is now more relevant than ever due to computer programs that allow practitioners to work on problems that contain many parameters. This book uniquely covers the topics typically found in an introductory statistics book—but from a Bayesian perspective—giving readers an advantage as they enter fields where statistics is used. This Second Edition provides: Extended coverage of Poisson and Gamma distributions Two new chapters on Bayesian inference for Poisson observations and Bayesian inference for the standard deviation for normal observations A twenty-five percent increase in exercises with selected answers at the end of the book A calculus refresher appendix and a summary on the use of statistical tables New computer exercises that use R functions and Minitab® macros for Bayesian analysis and Monte Carlo simulations Introduction to Bayesian Statistics, Second Edition is an invaluable textbook for advanced undergraduate and graduate-level statistics courses as well as a practical reference for statisticians who require a working knowledge of Bayesian statistics.

Book Fueling Innovation and Discovery

Download or read book Fueling Innovation and Discovery written by National Research Council and published by National Academies Press. This book was released on 2012-08-02 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: The mathematical sciences are part of everyday life. Modern communication, transportation, science, engineering, technology, medicine, manufacturing, security, and finance all depend on the mathematical sciences. Fueling Innovation and Discovery describes recent advances in the mathematical sciences and advances enabled by mathematical sciences research. It is geared toward general readers who would like to know more about ongoing advances in the mathematical sciences and how these advances are changing our understanding of the world, creating new technologies, and transforming industries. Although the mathematical sciences are pervasive, they are often invoked without an explicit awareness of their presence. Prepared as part of the study on the Mathematical Sciences in 2025, a broad assessment of the current state of the mathematical sciences in the United States, Fueling Innovation and Discovery presents mathematical sciences advances in an engaging way. The report describes the contributions that mathematical sciences research has made to advance our understanding of the universe and the human genome. It also explores how the mathematical sciences are contributing to healthcare and national security, and the importance of mathematical knowledge and training to a range of industries, such as information technology and entertainment. Fueling Innovation and Discovery will be of use to policy makers, researchers, business leaders, students, and others interested in learning more about the deep connections between the mathematical sciences and every other aspect of the modern world. To function well in a technologically advanced society, every educated person should be familiar with multiple aspects of the mathematical sciences.

Book Introduction to Bayesian Statistics

Download or read book Introduction to Bayesian Statistics written by Karl-Rudolf Koch and published by Springer Science & Business Media. This book was released on 2007-10-08 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents Bayes’ theorem, the estimation of unknown parameters, the determination of confidence regions and the derivation of tests of hypotheses for the unknown parameters. It does so in a simple manner that is easy to comprehend. The book compares traditional and Bayesian methods with the rules of probability presented in a logical way allowing an intuitive understanding of random variables and their probability distributions to be formed.

Book Bayes  Theorem Examples

Download or read book Bayes Theorem Examples written by Dan Morris and published by Independently Published. This book was released on 2016-10-02 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: ***** #1 Kindle Store Bestseller in Mathematics (Throughout 2016) ********** #1 Kindle Store Bestseller in Education Theory (Throughout 2017) *****If you are looking for a short beginners guide packed with visual examples, this book is for you. Bayes' Theorem Examples: A Beginners Visual Approach to Bayesian Data Analysis If you've recently used Google search to find something, Bayes' Theorem was used to find your search results. The same is true for those recommendations on Netflix. Hedge funds? Self-driving cars? Search and Rescue? Bayes' Theorem is used in all of the above and more. At its core, Bayes' Theorem is a simple probability and statistics formula that has revolutionized how we understand and deal with uncertainty. If life is seen as black and white, Bayes' Theorem helps us think about the gray areas. When new evidence comes our way, it helps us update our beliefs and create a new belief.Ready to dig in and visually explore Bayes' Theorem? Let's go! Over 60 hand-drawn visuals are included throughout the book to help you work through each problem as you learn by example. The beautifully hand-drawn visual illustrations are specifically designed and formatted for the kindle.This book also includes sections not found in other books on Bayes' Rule. These include: A short tutorial on how to understand problem scenarios and find P(B), P(A), and P(B|A). - For many people, knowing how to approach scenarios and break them apart can be daunting. In this booklet, we provide a quick step-by-step reference on how to confidently understand scenarios. A few examples of how to think like a Bayesian in everyday life. Bayes' Rule might seem somewhat abstract, but it can be applied to many areas of life and help you make better decisions. Learn how Bayes can help you with critical thinking, problem-solving, and dealing with the gray areas of life. A concise history of Bayes' Rule. - Bayes' Theorem has a fascinating 200+ year history, and we have summed it up for you in this booklet. From its discovery in the 1700's to its being used to break the German's Enigma Code during World War 2. Fascinating real-life stories on how Bayes' formula is used everyday.From search and rescue to spam filtering and driverless cars, Bayes is used in many areas of modern day life. An expanded Bayes' Theorem definition, including notations, and proof section. - In this section we define core elementary bayesian statistics terms more concretely. A recommended readings sectionFrom The Theory That Would Not Die to Think Bayes: Bayesian Statistics in Pythoni> and many more, there are a number of fantastic resources we have collected for further reading. If you are a visual learner and like to learn by example, this intuitive Bayes' Theorem 'for dummies' type book is a good fit for you. Praise for Bayes' Theorem Examples "...What Morris has presented is a useful way to provide the reader with a basic understanding of how to apply the theorem. He takes it easy step by easy step and explains matters in a way that almost anyone can understand. Moreover, by using Venn Diagrams and other visuals, he gives the reader multiple ways of understanding exactly what is going on in Bayes' theorem. The way in which he presents this material helps solidify in the reader's mind how to use Bayes' theorem..." - Doug E. - TOP 100 REVIEWER"...For those who are predominately "Visual Learners", as I certainly am, I highly recommend this book...I believe I gained more from this book than I did from college statistics. Or at least, one fantastic refresher after 20 some years after the fact." - Tin F. TOP 50 REVIEWER

Book Bayesian Methods for Hackers

Download or read book Bayesian Methods for Hackers written by Cameron Davidson-Pilon and published by Addison-Wesley Professional. This book was released on 2015-09-30 with total page 551 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master Bayesian Inference through Practical Examples and Computation–Without Advanced Mathematical Analysis Bayesian methods of inference are deeply natural and extremely powerful. However, most discussions of Bayesian inference rely on intensely complex mathematical analyses and artificial examples, making it inaccessible to anyone without a strong mathematical background. Now, though, Cameron Davidson-Pilon introduces Bayesian inference from a computational perspective, bridging theory to practice–freeing you to get results using computing power. Bayesian Methods for Hackers illuminates Bayesian inference through probabilistic programming with the powerful PyMC language and the closely related Python tools NumPy, SciPy, and Matplotlib. Using this approach, you can reach effective solutions in small increments, without extensive mathematical intervention. Davidson-Pilon begins by introducing the concepts underlying Bayesian inference, comparing it with other techniques and guiding you through building and training your first Bayesian model. Next, he introduces PyMC through a series of detailed examples and intuitive explanations that have been refined after extensive user feedback. You’ll learn how to use the Markov Chain Monte Carlo algorithm, choose appropriate sample sizes and priors, work with loss functions, and apply Bayesian inference in domains ranging from finance to marketing. Once you’ve mastered these techniques, you’ll constantly turn to this guide for the working PyMC code you need to jumpstart future projects. Coverage includes • Learning the Bayesian “state of mind” and its practical implications • Understanding how computers perform Bayesian inference • Using the PyMC Python library to program Bayesian analyses • Building and debugging models with PyMC • Testing your model’s “goodness of fit” • Opening the “black box” of the Markov Chain Monte Carlo algorithm to see how and why it works • Leveraging the power of the “Law of Large Numbers” • Mastering key concepts, such as clustering, convergence, autocorrelation, and thinning • Using loss functions to measure an estimate’s weaknesses based on your goals and desired outcomes • Selecting appropriate priors and understanding how their influence changes with dataset size • Overcoming the “exploration versus exploitation” dilemma: deciding when “pretty good” is good enough • Using Bayesian inference to improve A/B testing • Solving data science problems when only small amounts of data are available Cameron Davidson-Pilon has worked in many areas of applied mathematics, from the evolutionary dynamics of genes and diseases to stochastic modeling of financial prices. His contributions to the open source community include lifelines, an implementation of survival analysis in Python. Educated at the University of Waterloo and at the Independent University of Moscow, he currently works with the online commerce leader Shopify.

Book Introduction to Bayesian Statistics

Download or read book Introduction to Bayesian Statistics written by William M. Bolstad and published by John Wiley & Sons. This book was released on 2016-09-02 with total page 608 pages. Available in PDF, EPUB and Kindle. Book excerpt: "...this edition is useful and effective in teaching Bayesian inference at both elementary and intermediate levels. It is a well-written book on elementary Bayesian inference, and the material is easily accessible. It is both concise and timely, and provides a good collection of overviews and reviews of important tools used in Bayesian statistical methods." There is a strong upsurge in the use of Bayesian methods in applied statistical analysis, yet most introductory statistics texts only present frequentist methods. Bayesian statistics has many important advantages that students should learn about if they are going into fields where statistics will be used. In this third Edition, four newly-added chapters address topics that reflect the rapid advances in the field of Bayesian statistics. The authors continue to provide a Bayesian treatment of introductory statistical topics, such as scientific data gathering, discrete random variables, robust Bayesian methods, and Bayesian approaches to inference for discrete random variables, binomial proportions, Poisson, and normal means, and simple linear regression. In addition, more advanced topics in the field are presented in four new chapters: Bayesian inference for a normal with unknown mean and variance; Bayesian inference for a Multivariate Normal mean vector; Bayesian inference for the Multiple Linear Regression Model; and Computational Bayesian Statistics including Markov Chain Monte Carlo. The inclusion of these topics will facilitate readers' ability to advance from a minimal understanding of Statistics to the ability to tackle topics in more applied, advanced level books. Minitab macros and R functions are available on the book's related website to assist with chapter exercises. Introduction to Bayesian Statistics, Third Edition also features: Topics including the Joint Likelihood function and inference using independent Jeffreys priors and join conjugate prior The cutting-edge topic of computational Bayesian Statistics in a new chapter, with a unique focus on Markov Chain Monte Carlo methods Exercises throughout the book that have been updated to reflect new applications and the latest software applications Detailed appendices that guide readers through the use of R and Minitab software for Bayesian analysis and Monte Carlo simulations, with all related macros available on the book's website Introduction to Bayesian Statistics, Third Edition is a textbook for upper-undergraduate or first-year graduate level courses on introductory statistics course with a Bayesian emphasis. It can also be used as a reference work for statisticians who require a working knowledge of Bayesian statistics.

Book Probability and Bayesian Modeling

Download or read book Probability and Bayesian Modeling written by Jim Albert and published by CRC Press. This book was released on 2019-12-06 with total page 553 pages. Available in PDF, EPUB and Kindle. Book excerpt: Probability and Bayesian Modeling is an introduction to probability and Bayesian thinking for undergraduate students with a calculus background. The first part of the book provides a broad view of probability including foundations, conditional probability, discrete and continuous distributions, and joint distributions. Statistical inference is presented completely from a Bayesian perspective. The text introduces inference and prediction for a single proportion and a single mean from Normal sampling. After fundamentals of Markov Chain Monte Carlo algorithms are introduced, Bayesian inference is described for hierarchical and regression models including logistic regression. The book presents several case studies motivated by some historical Bayesian studies and the authors’ research. This text reflects modern Bayesian statistical practice. Simulation is introduced in all the probability chapters and extensively used in the Bayesian material to simulate from the posterior and predictive distributions. One chapter describes the basic tenets of Metropolis and Gibbs sampling algorithms; however several chapters introduce the fundamentals of Bayesian inference for conjugate priors to deepen understanding. Strategies for constructing prior distributions are described in situations when one has substantial prior information and for cases where one has weak prior knowledge. One chapter introduces hierarchical Bayesian modeling as a practical way of combining data from different groups. There is an extensive discussion of Bayesian regression models including the construction of informative priors, inference about functions of the parameters of interest, prediction, and model selection. The text uses JAGS (Just Another Gibbs Sampler) as a general-purpose computational method for simulating from posterior distributions for a variety of Bayesian models. An R package ProbBayes is available containing all of the book datasets and special functions for illustrating concepts from the book. A complete solutions manual is available for instructors who adopt the book in the Additional Resources section.

Book Bayes Rules

    Book Details:
  • Author : Alicia A. Johnson
  • Publisher : CRC Press
  • Release : 2022-03-03
  • ISBN : 1000529568
  • Pages : 606 pages

Download or read book Bayes Rules written by Alicia A. Johnson and published by CRC Press. This book was released on 2022-03-03 with total page 606 pages. Available in PDF, EPUB and Kindle. Book excerpt: Praise for Bayes Rules!: An Introduction to Applied Bayesian Modeling “A thoughtful and entertaining book, and a great way to get started with Bayesian analysis.” Andrew Gelman, Columbia University “The examples are modern, and even many frequentist intro books ignore important topics (like the great p-value debate) that the authors address. The focus on simulation for understanding is excellent.” Amy Herring, Duke University “I sincerely believe that a generation of students will cite this book as inspiration for their use of – and love for – Bayesian statistics. The narrative holds the reader’s attention and flows naturally – almost conversationally. Put simply, this is perhaps the most engaging introductory statistics textbook I have ever read. [It] is a natural choice for an introductory undergraduate course in applied Bayesian statistics." Yue Jiang, Duke University “This is by far the best book I’ve seen on how to (and how to teach students to) do Bayesian modeling and understand the underlying mathematics and computation. The authors build intuition and scaffold ideas expertly, using interesting real case studies, insightful graphics, and clear explanations. The scope of this book is vast – from basic building blocks to hierarchical modeling, but the authors’ thoughtful organization allows the reader to navigate this journey smoothly. And impressively, by the end of the book, one can run sophisticated Bayesian models and actually understand the whys, whats, and hows.” Paul Roback, St. Olaf College “The authors provide a compelling, integrated, accessible, and non-religious introduction to statistical modeling using a Bayesian approach. They outline a principled approach that features computational implementations and model assessment with ethical implications interwoven throughout. Students and instructors will find the conceptual and computational exercises to be fresh and engaging.” Nicholas Horton, Amherst College An engaging, sophisticated, and fun introduction to the field of Bayesian statistics, Bayes Rules!: An Introduction to Applied Bayesian Modeling brings the power of modern Bayesian thinking, modeling, and computing to a broad audience. In particular, the book is an ideal resource for advanced undergraduate statistics students and practitioners with comparable experience. Bayes Rules! empowers readers to weave Bayesian approaches into their everyday practice. Discussions and applications are data driven. A natural progression from fundamental to multivariable, hierarchical models emphasizes a practical and generalizable model building process. The evaluation of these Bayesian models reflects the fact that a data analysis does not exist in a vacuum. Features • Utilizes data-driven examples and exercises. • Emphasizes the iterative model building and evaluation process. • Surveys an interconnected range of multivariable regression and classification models. • Presents fundamental Markov chain Monte Carlo simulation. • Integrates R code, including RStan modeling tools and the bayesrules package. • Encourages readers to tap into their intuition and learn by doing. • Provides a friendly and inclusive introduction to technical Bayesian concepts. • Supports Bayesian applications with foundational Bayesian theory.

Book A Fast and Frugal Finance

Download or read book A Fast and Frugal Finance written by William P. Forbes and published by Academic Press. This book was released on 2019-11-19 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Fast and Frugal Finance: Bridging Contemporary Behavioural Finance and Ecological Rationality adds psychological reality to classical financial reasoning. It shows how financial professionals can reach better and quicker decisions using the 'fast and frugal' framework for decision-making, adding dramatically to time and outcome efficiency, while also retaining accuracy. The book provides the reader with an adaptive toolbox of heuristic tools and classification systems to aid real-world decisions. Throughout, financial applications are presented alongside real-world examples to help readers solve established problems in finance, including stock buying and selling decisions, when faced with not only risk but fundamental uncertainty. The book concludes by describing potential solutions to financial problems in the forefront of contemporary debates, and calls for taking psychological insights seriously.