We model an individual who wants to learn about a state of the world. The individual has a prior belief, and has data which consists of multiple forecasts about the state of the world. Our key assumption is that the decision maker identifies explanations that could have generated this data and...

Logistic regression is a very popular binary classification technique in many industries, particularly in the financial service industry. It has been used to build credit scorecards, estimate the probability of default or churn, identify the next best product in marketing, and many more...