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bayesian statistics

Joined
6/19/08
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115
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Next semester I was planning to take a course. Due to schedule clashes I can take only one of Advanced Probability theory-2( in part 1 they already covered LLN and CLT) and Bayesian Statistics. Which one will be more useful for me going into finance? Advanced Probability theory-2 covers Martingale and Markov processes rigorously.

Statistics is used a lot in arbitrage kind of positions, so I am confused about the course I should take. Any suggestions?
 
Generally, take statistics if you are interested in trading, and probability if you are interested in pricing derivatives.
 
Please, bear with me, I am just starting a program in spring. Is not derivatives pricing used for trading?
 
What about Bayesian statistics specifically? Are they very useful?
 
they are useful. We have seen application of that in dynamic linear models.
 
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