Bayes' Theorem From Partial Moments

Abstract

This quick note is intended to further inform the reader on the inherent flexibility of partial moments. We are not re-inventing a wheel. Conditional probability is conditional probability, nothing has changed. What we have uniquely done is represent the partial moment equivalences to these conditional probabilities. Given the myriad of other classical equivalences partial moments demonstrate, the only surprise is the lack of consideration they receive in the literature.

Keywords: Bayes, Partial Moments, Conditional Probability, R

JEL Classification: C00, C11