Investopedia / Lara Antal Applications of Bayes' Theorem are widespread and not limited to the financial realm. For example, Bayes' theorem can be used to determine the accuracy of medical test ...

In the early 19th century, for example, Belgian prodigy Adolphe ... alcohol-infused statisticians warbling “There’s no theorem like Bayes’ theorem” and “Then I saw Tom Bayes, now I ...