Introduces Bayesian estimation, covering classical versus Bayesian inference, conjugate priors, MCMC methods, and practical examples like temperature estimation and choice modeling.
Discusses the Dirichlet distribution, Bayesian inference, posterior mean and variance, conjugate priors, and predictive distribution in the Dirichlet-Multinomial model.
Explores the Stein Phenomenon, showcasing the benefits of bias in high-dimensional statistics and the superiority of the James-Stein Estimator over the Maximum Likelihood Estimator.