His nomination letter was signed by Philip Stanhope, Martin Folkes, James Burrow, Cromwell Mortimer, and John Eames.

[11] Others speculate he was motivated to rebut David Hume's argument against believing in miracles on the evidence of testimony in An Enquiry Concerning Human Understanding.

In 2018, the University of Edinburgh opened a £45 million research centre connected to its informatics department named after its alumnus, Bayes.

[13] In April 2021, it was announced that Cass Business School, whose City of London campus is on Bunhill Row, was to be renamed after Bayes.

Richard Price shepherded the work through this presentation and its publication in the Philosophical Transactions of the Royal Society of London the following year.

Bayes's Essay contains his solution to a similar problem posed by Abraham de Moivre, author of The Doctrine of Chances (1718).

Since its rebirth in the 1950s, advancements in computing technology have allowed scientists from many disciplines to pair traditional Bayesian statistics with random walk techniques.

In modern utility theory, the same definition would result by rearranging the definition of expected utility (the probability of an event times the payoff received in case of that event – including the special cases of buying risk for small amounts or buying security for big amounts) to solve for the probability.

Given Bayes's definition of probability, his result concerning the parameter of a binomial distribution makes sense only to the extent that one can bet on its observable consequences.