Learning Bayesian Statistics

#96 Pharma Models, Sports Analytics & Stan News, with Daniel Lee

Nov 28, 2023
In this discussion, Daniel Lee shares his wealth of experience in numeric computation and sports analytics. He dives into advanced statistical models for oncology and their application in basketball and football. Daniel highlights his journey from pharma models to Zellus Analytics, while exploring the complexities of Bayesian statistics. He also talks about the latest developments in Stan and PyMC, offering insights on their impact in analytics. Additionally, he emphasizes the importance of data-driven decision-making, touching on social equity in sports analytics.
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ANECDOTE

A Winding Road to Bayes

  • Daniel Lee failed physics three times at MIT, switching to math.
  • He later taught himself measure theory while at Cambridge, eventually finding his way to Bayesian statistics.
INSIGHT

Bayesian PKPD Models

  • PKPD models describe drug behavior in the body, including kinetics (drug movement) and dynamics (effects).
  • Bayesian methods allow for hierarchical modeling and complex model creation, improving individual estimates and incorporating domain expertise.
ADVICE

Go Deep in One Dimension

  • Go deep in one dimension of your work, like understanding data collection or tool development.
  • Domain expertise is crucial for Bayesian modeling, such as knowing reasonable ranges for biological constants.
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