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A Literature Review of Bayes’ Theorem and Bayesian Belief Networks (BBN)

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Strategic Economic Decision-Making

Part of the book series: SpringerBriefs in Statistics ((BRIEFSSTATIST,volume 9))

Abstract

This chapter provides an introduction to the Bayes’ theorem evolution to include: (a) the early 1900s, (b) 1920–1930s, (c) 1940–1950s, and (d) 1960s–Mid 1980s, a review of the BBN evolution to include: (a) financial economics, accounting, and operational risks, (b) safety, accident analysis, and prevention, (c) engineering and safety risk analysis, (d) ecology, (e) human behavior, (f) behavioral sciences and marketing, (g) decision support systems with expert systems and applications, information sciences, intelligent data analysis, neuroimaging, environmental modeling and software, and industrial ergonomics, (h) cognitive science, (i) medical, health, dental, and nursing, (j) environmental studies, and (k) miscellaneous—politics, geriatrics, space policy, and language and speech, and a review of current government and commercial users of BBN.

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Notes

  1. 1.

    There is still debate on the true author of Bayes’ theorem. Some give the honor to Pierre-Simon LaPlace following his 1774 publication of a similar theorem.

  2. 2.

    See Joyce’s comments on Bayesian epistemology for a complete discussion (Joyce 2008).

  3. 3.

    Here after I refer to Bayes’ theorem as “the theorem.”

  4. 4.

    Certain data included herein are derived from the Web of Science ® prepared by THOMSON REUTERS ®, Inc. (Thomson®), Philadelphia, Pennsylvania, USA: © Copyright THOMSON REUTERS ® 2012. All rights reserved.

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Grover, J. (2013). A Literature Review of Bayes’ Theorem and Bayesian Belief Networks (BBN). In: Strategic Economic Decision-Making. SpringerBriefs in Statistics, vol 9. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-6040-4_2

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